Studypaq: George Washington University | ECON

Courses in ECON

ECON 1011 | Principles of Economics

Documents: 11

ECON 1012 | Principles of Economics II

Documents: 17

ECON 2121 | Financial Economics

Documents: 1

ECON 2151 | Economic Development

Documents: 1

Popular Documents from George Washington University

TO FIND A JOINT DEMAND CURVE WITH DIFFERENT PRICES Draw the regular curve for the highest price payer until multiple buyers wish to buy, then do the same process here. 5 Things that Change a Demand Curve: ● Changes in Preferences ● Changes in Prices

George Washington University

Course Code: 1011

Course Name: Principles of Economics

Money Growth and Inflation ● P = the price level (eg. CPI) ○ Price of a basket of goods, measured in money ■ If P = $3, value of candy bar = $3 ○ 1/P is the value of $1, measured in goods ■ If P = $2, value of $1 is ½ candy bar ■ If P = $3, value of

George Washington University

Course Code: 1012

Course Name: Principles of Economics II

Filip Vachuda Section 35- Federico Econ HW #5 ● Someone deposits $1000 from under mattress, bank will have to hold $100, but can lend out the remaining $900. Or, M = 1/R * deposit, M = 10*1000 = $10,000. However, the initial currency ($1000) is lost,

George Washington University

Course Code: 1012

Course Name: Principles of Economics II

Change in Demand and Supply ● As demand increases , the equilibrium price and quantity increase, and vice versa ● As supply increases, the equilibrium price rises , but the quantity supplied falls , and vice versa. ● Both create new equilibriums. Rel

George Washington University

Course Code: 1011

Course Name: Principles of Economics

Filip Vachuda Section 10 Discussion 35 (Federico) 1. In the money market model, money demand depends negatively on the value of money, holding income constant. a. Suppose income decreases overall, how would this impact money demand? Please specify wh

George Washington University

Course Code: 1012

Course Name: Principles of Economics II