Questions from Macroeconomics

Q: Go to the St. Louis Federal Reserve FRED database, and

Go to the St. Louis Federal Reserve FRED database, and find data on the M1 Money Stock (M1SL), M1 Money Velocity (M1V), and Real GDP (GDPC1). Convert the M1SL data series to “quarterly” using the freq...

Q: Go to the St. Louis Federal Reserve FRED database, find

Go to the St. Louis Federal Reserve FRED database, find data on Gross Private Saving (GPSAVE) and Gross Saving (GSAVE), and download the data. a) How have these variables changed from 5 years earlier...

Q: What is hyperinflation? What has been the main cause of hyperinflation

What is hyperinflation? What has been the main cause of hyperinflation episodes?

Q: What is the fundamental identity of national income accounting? What is

What is the fundamental identity of national income accounting? What is its significance?

Q: What does the unemployment rate measure, who calculates it, and

What does the unemployment rate measure, who calculates it, and how is it calculated?

Q: Explain the differences between nominal and real interest rates and between ex

Explain the differences between nominal and real interest rates and between ex ante and ex post real interest rates.

Q: How is GDP defined in the production approach to measuring economic activity

How is GDP defined in the production approach to measuring economic activity? Explain how economists at the U.S. Department of Commerce’s Bureau of Economic Analysis account for the production of good...

Q: Distinguish between a flow measure and a stock measure. Which type

Distinguish between a flow measure and a stock measure. Which type of measure is GDP?

Q: Why are capital goods and inventories treated differently from intermediate goods in

Why are capital goods and inventories treated differently from intermediate goods in the production approach to measuring GDP?

Q: Identify the four major expenditure components in the national income identity and

Identify the four major expenditure components in the national income identity and discuss the major subcategories of each component.