Objectives:
i. Outline the quantity theory of money and its theory of inflation
ii. Differentiate between long-run and short-run Phillips curve
iii. Distinguish between a passive deficit and a structural deficit
iv. Differentiate between real and nominal deficits and surpluses
Activity: in the library to use the computers
Homework: See Master Schedule for more details on homework
Absent? Review the requirements for the assignment below. You will be working with a partner!
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