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Title: Principles of Macroeconomics Gummerson Notes
Description: Notes from when I took Principles of Macroeconomics with Alan Gummerson at FIU. I easily aced the class Chapter Numbers refer too Paul Krugman's Macro textbook. Blue lines refer too what the professor said, black to powerpoint slides.
Description: Notes from when I took Principles of Macroeconomics with Alan Gummerson at FIU. I easily aced the class Chapter Numbers refer too Paul Krugman's Macro textbook. Blue lines refer too what the professor said, black to powerpoint slides.
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9/6/13
Macroeconomics Ch
...
The flow into a box (actor or market) is going to be equal to the flow out of a box
Government transfers are entitlement payments that the government gives with no expectation of
receiving a good or service
Transfers=entitlement programs like unemployment, Medicare, Medicaid, Social Security and even
Government financial aid
...
)
Transfer payments do go to the poor but a lot go to the wealthy (keep interest on stocks
Disposable income is the most important influence on consumption
Disposable income can only go to savings or spending
Firms make the goods which produce the GDP
Firms investment spending includes plants and equipment
Construction
And changes in inventories, because this affects their future sales
Title: Principles of Macroeconomics Gummerson Notes
Description: Notes from when I took Principles of Macroeconomics with Alan Gummerson at FIU. I easily aced the class Chapter Numbers refer too Paul Krugman's Macro textbook. Blue lines refer too what the professor said, black to powerpoint slides.
Description: Notes from when I took Principles of Macroeconomics with Alan Gummerson at FIU. I easily aced the class Chapter Numbers refer too Paul Krugman's Macro textbook. Blue lines refer too what the professor said, black to powerpoint slides.