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Macroeconomics Exam Study Guide: Key Concepts and Models

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Savings Equal Investment

Market for Loanable Funds

Shifts in the Market for Loanable Funds

Growth Rates and the Rule of 70

Institutions that Promote Economic Growth

Productivity and the Per-Worker Production Function

New Growth Theory

Aggregate Expenditures Model and Macroeconomic Equilibrium

The Consumption Function

Multiplier Effect of Investment Spending

AE Model: Graphing Macroeconomic Equilibrium

AE Model and the Multiplier

Deriving Aggregate Demand from the Aggregate Expenditure Model

Aggregate Demand

Shifting Aggregate Demand

Short Run Aggregate Supply

Shifting Short Run Aggregate Supply

Long Run Aggregate Supply

AD-AS Model: Shifts in Aggregate Demand