econ formulas

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Bank 1 has deposits of $4,155 and reserves of $1,272. If the required reserve ratio is 20%, what is the value of the bank's excess reserves? Enter a whole number with no dollar sign. Round to the nearest whole number.

4,155 times 20% and then the reserves should be subtracted by that number.

Bank 1 has deposits of $5,214 and reserves of $2,048. If the required reserve ratio is 20%, then what is the largest loan the bank can make? Enter a whole number with no dollar sign. Round to the nearest whole number.

4,155 times 20% and then the reserves should be subtracted by that number.

Suppose people deposit $522 into Bank 1. The banking system has a reserve ratio of 19%. The policy of all banks is to make as many loans as possible. Each time a loan is made, the entire amount is spent, and it is then deposited into the next bank.

522 times 0.19 then have that number 522- number

Investment spending

GDP - consumption spending - government spending

Private saving

GDP - taxes - consumption spending

The natural rate of unemployment is the sum of what other types?

Structural and frictional

There are 181 employed people and the labor force is 204. Now suppose 2 discouraged workers start looking for work. What is the new unemployment rate? Round to two decimal places and do not enter a percent sign.

You add 2 to 181 then have that over 204 with that number put it over 204 to get the new value. times 100

currency

both m1 and m2

National saving

investment spending = GDP - consumption spending - government spending

Bank 1 has deposits of $4,102 and reserves of $1,560. If the required reserve ratio is 20%, what is the value of the bank's required reserves? Enter a whole number with no dollar sign. Round to the nearest whole number.

just multiply 4102 by 20%

structural unemployment

longer-lasting form of unemployment caused by fundamental shifts. ex: technology, competition, and government policy.

checking deposits

m2

saving deposits

m2

stocks and bonds

neither

National saving

private saving + public saving

The labor force participation rate is 66.13%. The labor force has 140 people. Find the adult population, rounded to two decimal places.

put 140/66.33 to get the answer times 100

natural rate

represents the lowest unemployment rate whereby inflation is stable or the unemployment rate that exists with non-accelerating inflation. if authorities decide to increase the minimum wage by $2 at any given time, some workers are likely to be laid off due to lowering labor demands.

There are 176 employed people and the labor force is 199. Find the unemployment rate, measured in percentage terms. Do not enter a percent sign. Round your answer to two decimal places.

subtract labor force from unemployed over the labor force to get answer times 100

Government (public) saving

taxes - government spending

frictional unemployment

the result of voluntary employment transitions within an economy. ex: Employees leaving their current positions to find new ones.

There are 187 employed people and 11 unemployed people. The adult population consists of 256 people. What is the labor force participation rate? Round to two decimal places and do not enter a percent sign.

the way to solve this problem is by adding the employed and unemployed over the adult population and multiply by 100.

cyclical unemployment

this unemployment is the component of overall unemployment. ex: recessions

There are 6 unemployed people and 94 employed people. Find the unemployment rate, measured in percentage terms. Do not enter a percent sign. Round your answer to two decimal places.

to solve this you have to put unemployed people over unemployed plus employed and multiply by 100.


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