Midterm 2 material

• The 4 Macro Markets:
  2.1a. Handout 1: The 4 Macro Markets
  2.1b. Handout 2: Macro Market 1: Goods and Services
  2.1c. Handout 3: Macro Market 2: Labor
  2.1d. Handout 4: Macro Market 3: Loanable Funds
  2.1e. Handout 5: Macro Market 4: Foreign Exchange

• The Aggregate Expenditure Model:
  2.2a. Handout 1: The AE model
  2.2b. Handout 2: Solving for Equilibrium GDP
  2.2c. Handout 3: Step by step: solving for Y*

• Multipliers:
  2.3a. Handout 1: Summary Sheet on Multipliers
  2.3b. Handout 2: Using Government Expenditure to close a Recessionary Gap

• Fiscal Policy:
  2.4a. Handout 1: Government bonds and Interest rates
  2.4b. Handout 2: The Government's Budget and the Business Cycle
  2.4c. Handout 3: How Contractions affect the Government's Budget
  2.4d. Handout 4: The 3 Government Budget Balancing Philosophies