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Macroeconomics Exam Two Study Guide: Economic Growth, Aggregate Demand & Supply, Money, and Monetary Policy

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Long-Run Economic Growth

Productivity and the Per-Worker Production Function

Institutions that Promote Economic Growth

Growth Rates and the Rule of 70

Aggregate Demand

Short Run Aggregate Supply

Long Run Aggregate Supply

AD-AS Model: Equilibrium in the Short Run and Long Run

Classical Model and Keynesian Model

The Functions of Money; The Kinds of Money

Defining the Money Supply: M1 and M2

Required Reserves and the Deposit Multiplier

Introduction to the Federal Reserve

The Federal Reserve and the Money Supply

Expansionary and Contractionary Monetary Policy

Monetary Policy and Aggregate Demand

Federal Reserve Policies during the 2007-2009 Recession