Econ 104 Mid-term Exam Review Questions How does higher investment benefit the whole economy? What if the money invested is outweighed by the devaluation of existing buildings and machines? What is nominal GDP? What is real GDP? Which may be more suitable

Econ 104 Mid-term Exam Review Questions How does higher investment benefit the whole economy? What if the money invested is outweighed by the devaluation of existing buildings and machines? What is nominal GDP? What is real GDP? Which may be more suitable for comparing economic growth over time? How to calculate real GDP from nominal GDP using a GDP deflator? What is an inflation? What is a deflation? How does price level change in an inflation? How does price level change in a deflation? What does it mean by saying price level in a nation is high? Why is a moderate level of inflation good to the economy? And why is high inflation bad? What are the U.S. government’s official measure of the country’s unemployment situation? How many official unemployment measures are there? Among the different unemployment measures, which is the most often used one, i.e., which one appears on the Bureau of Labor Statistics website homepage ( Is this an accurate measure of unemployment? Does it exaggerate or underestimate the unemployment situation? Why? When the economy runs at its full capacity, will there be unemployed people? Why? The economy is subject to cyclical fluctuations. The current recession is an example of how a growing economy can move into a downturn. What is a business cycle? What are the characteristics of each phase of a complete cycle? A moderate size of debt can help the economy grow. But what if the debt is too large? Though economic activities financed by debt can help the economy grow, the borrowers finally need to pay back the debt, which is the cost of debt. What is the true burden of the debt? Macroeconomics uses equations to model the economic growth. Typically, the model includes income (Y), spending, consumption (C), investment (I), government spending (G), and saving (S), etc. Be familiar with this model, the meaning of these variables and the relationship among them. (E.g., Chapter 11 of textbook, and professor Epstein’s videos in weeks 3-6)

Calculate your paper price
Pages (550 words)
Approximate price: -

Quality Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.


Qualified Writers

We have hired a team of professional writers experienced in academic and business writing. Most of them are native speakers and PhD holders able to take care of any assignment you need help with.


Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account.


Prompt Delivery

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. We will always strive to deliver on time.


Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text.


24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done


Place your order

Fill in the order form and provide all details of your assignment.


Proceed with the payment

Choose the payment system that suits you most.


Receive the final file

Once your paper is ready, we will email it to you.

Academic Writing Services

If you are looking for exceptional academic writing services, then you are in the right place. Studyacer offers customised academic assignments and academic papers for students at all levels.

StudyAcer StudyAcer


Essay Writing Help

Writing an essay can be a challenge. However, we know what every student needs. And we purpose to deliver. Here at StudyAcer, we do all we can to help with academic essays and assignments. We have a dedicated team of professional essay writers.

StudyAcer StudyAcer


Assignment Help

We understand students need satisfactory results. Our cheap assignment writing service helps and never leaves any doubt. We always strive to ensure the ultimate and best results. It is our joy to offer a cheap reliable essay writing service.

StudyAcer StudyAcer

Term paper

Term Paper Help

Have you been asking yourself, where can get a pre written research papers for sale? Worry no more, the fact that you have a term paper that is due tonight and you haven’t touched it. At Study Acer it is our responsibility to get your paper on time.

StudyAcer StudyAcer


Dissertation Writing Service

Several master’s students seek professional help with their thesis.Students from different parts of the world experience different challenges. Dissertations have different stages and the challenges are different too. Do not struggle in silence, order now .