for johny

ECON macro

1- Definitions

A- Closed the economy : there is no international trade.

GDP= C+I

+G

B- Open economy: there is international trade

GDP=C+I+G+Xn

C- close economy with no government (close private econ)

GDP= C+I

D- open economy with no government

GDP= C+I+Xn

2- True and false with explanation.

A-what is the open economy?

B- the relationship MPC and MPS?

C- the ranges of aggregate Supply?

3- essay question choose one of these two

Essay 1

A- Derrive the aggregate Demand curve?

B- Why aggregate downward sloping ?

C- The 2 tipes of the influation?

OR

Essay 2

A-Defined unemployment and the econ cost of unemployment?

B-types of unemployment?

C-fall employment, what and how explain

Please make sure the essay question should not be more than 2 pages 2 is good