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Macroeconomic Exam
Classical Theory
28
Economics
Undergraduate 2
10/01/2009
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Term
Deflator
 Definition
Term
CPI Calculation
 Definition
Term
General Production Function
 Definition
Term
Marginal Product of Labor
 Definition
Term
Supply of Labor
 Definition
Term
Demand for Labor
 Definition
Term
Profit Maximization
 Definition
Term
MPL
 Definition
Term
MPK
 Definition
Term
Labor income vs. Capital Income
 Definition
Term
Cobb-Douglas
 Definition
Term
Solving Cobb-Douglas given variables
 Definition
Term
Velocity of Money
 Definition
Term
Quantity Theory of Money
 Definition
Term
Cambridge Version
 Definition
Term
Real Money Balances
 Definition
Term
Consumption
 Definition
Term
MPC (Marginal Propensity to Consume)
 Definition
Term
MPL=Real Wage
 Definition
Term
Unemployment Formula
 Definition
Term
Solving for CPI
 Definition
Term
Real Wage=
 Definition
Term

To increase the equilibrium price level

you should decrease...

 Definition
Term
Essay Strategy
 Definition
Term
Ouput is a function of... (2 things)
 Definition
Term
Demand is changed by.. (2 things)
 Definition
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