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Macroeconomics Exam 1 Study Guide: Measuring Macroeconomic Data, The Goods Market, and Financial Markets

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Nominal GDP and Real GDP

Calculating GDP Using the Income Approach

Expenditure Approach for Measuring GDP

Detailed Explanation of GDP Components

Inflation and Consumer Price Index (CPI)

Disinflation and Deflation

The Consumption Function

Determinants of Consumption and Saving

Multiplier Effect of Investment Spending

Savings Equal Investment

The Demand for Money

The Money Supply on the Graph

Required Reserves and the Deposit Multiplier