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1)If Ricardian equivalence exists in an economy, then if budget deficit goes up by 100 what happens to savings? 2)In an example, be able to
1)If Ricardian equivalence exists in an economy, then if budget deficit goes up by 100 what happens to savings?
2)In an example, be able to figure out what is the result of a price ceiling.
3)In face of high consumer confidence what factor and how can it shift the AD?
4)When shown the graph of a shift the Supply curve or Demand curve know what factors can cause these shifts.
5)In an example, be able to state what would be a rational decision in changing the output after the change in the market price.
6)What is Phillips Curve tradeoff?
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