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Economic Models: Demand-Supply Shifters, Aggregate Supply, and Monetary Policy

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Economics - Macroeconomics

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michael1tekrzp Created by 10 mon ago

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Cards in this deck(13)
The acronym T.R.I.B.E. represents demand shifters such as tastes and preferences, related goods, income, buyer population, and expectations of price. These factors influence _____ in the market.
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The acronym R.O.T.T.E.N. stands for supply shifters including resource cost, other goods' prices, taxes, technology, expectations, and number of businesses. These factors affect _____ in the market.
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Changes in GDP are primarily influenced by _____, which represents the total demand for goods and services in an economy.
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Short Run Aggregate Supply (SRAS) is affected by factors such as resource prices, productivity changes, taxes, and inflation expectations. These factors impact _____ for producers.
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In the long run, the AD-AS model adjusts as the Short Run Aggregate Supply (SRAS) shifts to restore _____ in the economy.
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Money demand shifters include the desire to hold money, price level, income, and real GDP. These factors directly influence _____ in the economy.
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Central Bank Policies, including Open Market Operations (OMO), Reserve Requirement Ratio (RRR), and Discount Rate (DR), are key shifters of _____ in the economy.
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Loanable Funds Supply Shifters include monetary policy, savings, and foreign exchange changes. These factors directly affect _____ in the financial markets.
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Loanable Funds Demand Shifters include borrowing confidence, deficit spending, and expectations of future interest rates. These factors influence _____ in the economy.
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Economic growth is driven by the quantity and quality of resources such as land, labor, and capital. These factors are known as _____ in economic terms.
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Short Run Phillips Curve Shifters include resource changes, taxes, and technology innovations. These factors affect _____ in the short run.
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Movement along the Short Run Phillips Curve (SRPC) is influenced by AD shifters such as tastes, related goods, and income. These factors cause changes in _____.
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The Long Run Phillips Curve is shifted only by changes in the Natural Rate of Unemployment (NRU), which includes changes in _____ unemployment.
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