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AP Macro Formulas

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jmd321's version from 2017-05-10 02:46

Section 1

Question Answer
GDPC+I+G+X
rGDPnominal GDP/GDP deflator
GDP growth ratecurrent-last/last x100
inflation via CPIcurrent-last/last x100
real interest ratenominal-inflation
money multiplier1/rr
memorize

Section 2

Question Answer
quantity theory of moneymv=py
MPC+MPS=1
spending multiplier1/1-MPC or 1/MPS
tax multiplier-MPCMPS
nominalreal+expected inflation
memorize