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Principles of Macroeconomics CLEP STudy Guide |
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The Principles of Macroeconomics CLEP test is a test most business majors will need and want to take. Use the knowledge that you already have of supply and demand while taking this test. You'll learn some theories that will be on the test, but this test has a lot of easy questions. For those of you who can read charts and have common sense, this guide will help you ace the test. You'll need to know about the general price level, output and income, aggregate supply and demand and how different parts of the economy effect each other. |
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Credits: 3 |
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Difficulty: 3 |
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Number of Questions: 80 |
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 Included in the Principles of Macroeconomics CLEP Study Guide |
- The Origin and Evolution of Money
- Barter
- Money as an IOU
- The Basic Properties of Money
- Bills of Exchange
- Paper Money
- Goldsmith Bankers
- Virginian Tobacco
- Gold Standard
- Intangible Money
- The Future of Money
- Basic Economic Concepts
- Scarcity the Nature of Economic Systems
- Opportunity Costs and Productive
- Possibilities
- Demand, Supply and Price Determination
- Measurement of Economic Performance
- Gross Domestic, National Products and National Income Concepts
- Inflation and Price Indices
- National Income & Price Determination
- Aggregate Supply and Demand
- Keynesian and Classical Analysis
Money and Banking
- Effectiveness of fiscal and Monetary Policy
- Keynesian and other theories
- Central Banking
- Brief History of the U.S. Federal Reserve Bank
- Structure of the Federal Reserve System
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- Role of the FOMC and how Fed Funds rates are established
- How the Fed Funds rate affects retail loan rates
- How the Fed funds rate affects Aggregate Demand for goods and services
- Constant Vigilance
- The U.S. dollar and the lender of last resort (LOLR)
- Fed Controversy
- International Finance
- International Trade, Comparative Advantage and Exchange rates
- Currency Exchange Rates
- Foreign Investment
- Balance of Payments
- Balance of Payments Deficit and Surplus
- The International Financial System
- Monetary Policy and Globalization
- Conclusion
- International Economics and Growth
Comparative advantage, Trade Policy, International Finance,
and Exchange Rate
- Economic Growth
- Sample CLEP Test Questions
- Test-Taking Strategies
- What Your Score Means
- Test Preparation
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