delete macro economics notes
TRANSCRIPT
-
7/30/2019 Delete Macro Economics Notes
1/16
,.740.4342.8,7091,:70
%8803902,7091,894,4.,907084:7.080110.9;0-0.,:809097:0.489841
9044/47807;.0,70349.438/070/032,3,5:7.,8347574/:.943/0.843,2508419829-090.,80412434540870897.938:5547904;07
574/:.94341/0207944/8,3/90:3/07574/:.943:8041207944/8
.4342898.,29,92,7098,70-3,9:70011.039%88-0.,:80,..47/39490
,8410.4342.88479,041,44/47807;.0147.08:557.08.903,.98,8,
83,944:/-00397057030:789489.7084:7.0839490574/:.943419,944/47807;.0174208857419,-04308
40;070,90,-4;0897:094,3090399434780303.:/090
57;,90.489841,44/47807;.03499009073,.48989484.09.,7030;073.:/0/3,.425,30857419,3/488,..4:39
%7,/,-0!0729
97,/,-0507298,50729.,48,.425,347.4:39794574/:.0,/0207944/:594,3/3.:/3,.079,30;0
4;0732039-0.9;085,0
4:397 !507
,59,
&302542039 31,943 ,,3.041
%7,/0438
:2,3
0;04520393/0
$0/03
032,7
&
%:70
047,
74,9,
#:88,
3,
3/, 2-,-0
0,8:733,943,3.4203.4202094/0503/9:702094/4:95:92094/
-
7/30/2019 Delete Macro Economics Notes
2/16
0907283,943,3.420..4:393
!98890949,;,:041,44/8,3/807;.08574/:.0/3,.4:397,3/.,3-0.,.:,90/-90503/9:70094/903.4202094/47904:95:92094/
503/9:70094/
%88.,.:,90/-,//3:5,9044/8,3/807;.0884/3,.4:397,3/8/;/0/394
.438:2070503/9:705:-.0503/9:700/,59,1472:,9433;08920394:903,//981:7094054798,3/9,0,,254798
4:9039,04118,089,08,3/,//438:-8/08849,94:,7020,8:739070,;,:04144/8,3/807;.08390.4:397%409748842089.503/9:70
3.4202094/
%88.,.:,90/-,//3:5,9070,7/817420,.41901,.947841574/:.94303.420
174202542039,-4:757419039705030:785390708970.0;0/.,59,,3/7039,3/ 4:9039,0411$94.,5570.,943907803894.;,:08/:09431,9437,9079,33.70,8083;,:0,//0/9409748842089.3.420
:95:9094/
4:,//:5,904:95:9574/:.0/-0,.41903/:897,80.94787.:9:700307
2,3:1,.9:73/897-:943-,330/:.,943,3/0,9,3/49075:-.807;.08
4:903,;07488/42089.4:95:9
7488,943,!74/:.9
770850.9;041.0;074190,-4;09,94:/44:03/:59!8:-0.99489,989.,
077478%4091742!94!4:9,04119030957450793.4201742,-74,/
0957450793.4201742,-74,/
%057419.423394%:702,/0-%:78.9038435741982,/04;0780,823:890574198705,97,90/0905741980,;3%:702,/0-14703.9038433;089203983
%:70
09,943,!74/:.9
!/0570.,9434110/,880980/,8809820,32,.307,3/31,897:.9:70%45:993507850.9;01904;07320398503/82705,.3,34/74,/,3/904/74,/,8;,:0/,9
29039070,;,:0419,93;0892039,823492
#0,!
%0;,:041!,19079,341190780357.08841,.4:39708!748-980,7-:957.08780-9039070,7,9041!749843
-
7/30/2019 Delete Macro Economics Notes
3/16
!:99014439028394,9,-0
503/9:70094/
!7;,90.438:25943.3;08920394;07320390503/9:708,089,8:-8/08054798254798748842089.0503/9:70,92,70957.08748842089.0503/9:70,91,.947.489
3.420094/3.4201742,085741957;,9080.947574195:-.80.94770393907089894.
,5570.,943
:95:9094/
,3:1,.9:730307,7.:9:7013,3.,807;.084907807;.08.43897:.943
503/9:70094/ 3.420094/ :95:9094/
!7;,90.438:25943. 3.4201742,08 ,3:1,.9:733;0892039 5741957;,9080.947 0307
4;07320390503/9:70 574195:-.80.947 ,7.:9:70
8,089, 7039 13,3.,807;.08
8:-8/08 3907089 4907807;.08
054798 894.2,709574198 .43897:.943
254798
! ! !
!741982,/0-14703078
433;089203982,/03%:70
!741982,/0-14703078
433;089203982,/03%:70
!741982,/0-14703078
433;089203982,/03%:70
!74198705,97,90/-14703.9038435741982,/03
%:70
!74198705,97,90/-14703.9038435741982,/03
%:70
!74198705,97,90/-14703.9038435741982,/03
%:70
! ! !
0570.,9434110/,88098 0570.,9434110/,88098 0570.,9434110/,88098
! ! !
,.:,9090!41901443.4:397:830,.2094/41,943,3.420.4:393
503/9:70094/438:2070503/9:705:-.0503/9:7010/.,59,
1472:,9430547982547988:-8/08,3/8,089,08%
,.:,90!,92,70957.08,3/!,91,.947.489
-
7/30/2019 Delete Macro Economics Notes
4/16
!7419870.0;0/-%:78.9038433;089203982,/04;0780,8!74198705,97,90/
17429:70%0701470!
3.4202094/
3.4201742025420393.42017428010254203957;,9080.9475741985:-.80.94757419870393907089894.
,5570.,943$9,989.,07747
!0957450793.4201742,-74,/!
:95:9094/
7.:9:7003072,3:1,.9:73/897-:943-,33
0/:.,943,3/0,949075:-.807;.0889,989.,07747
!
0957450793.4201742,-74,/!
!/0570.,9434110/,88098
!545:,943
!31,943780357.08
,.:,9090!41901443.4:397:830,.2094/41,943,3.420.4:393
503/9:70094/
438:2070503/9:70
!:-.0503/9:70 0/,59,1472:,943
54798
254798
!,92,70957.08
$,089,08
$:-8/08
-
7/30/2019 Delete Macro Economics Notes
5/16
!,91,.947.489 $9,989.,07747
!,91,.947.489
3.4202094/
3.420174202542039
3.420174280102542039
!7;,9080.947!74198 !:-.80.947574198
#039
3907089
$94.,5570.,943
$9,989.,07747 !
:95:9094/
7.:9:70
307
,3:1,.9:73 897-:943
,33
/:.,943,3/0,9 9075:-.807;.08
$9,989.,07747
!
!30957450793.4201742,-74,/******0570.,943************
#0,;3423,
#0,!8903423,7,9041!31,9439413/9070,0;041!
!07.,59,
#0,!545:,943507.,59,!08939047/:02-:7
29,943841!/,9,
425,7394.4:397089/11073!0;088,33/.,94741/0;0452039470,250443,99047/87.089.4:3970820,8:70/-!,3/443,990
-
7/30/2019 Delete Macro Economics Notes
6/16
47/82489/0;0450/3,943820,8:70/-:2,3/0;04520393/090898,70;0782,70307,850,39047/87.0893,9438,70,84902489
/0;0450/
:99070,7029,943894!/,9,
47389,3.09,094.4:39708&,3/7,3.0%0&,89007!4089820,39,990&87.079,37,3.04930.088,7,890/110703.08
70,9;082,,3/8490/110703.08,70349831.,39034:948,.43.:8;09,9
43087.079,390490747389,3.0507,583.4200;0837,3.0,702470
06:,/897-:90/9,3&
!07,58&8247005038;094;09,37,3.0!07,589,7,908,70073&
!07,589031472,80.9478,70737,3.0./4349093.:/0/3901:708
40;0734098.438/0794/1107039.4:39708072,3,3/%:70398.,8090!41072,38920807507.,59,9,3%:7009070,70
29,943841!,3,8890;,89/110703.0-0900390!7,908410,..4:3978
831.,39,70347/07948,.43.:8;09,9072,38,7.079,3%:70
7.:,714415,0
,.740.4342.24/0842543039841
438:259434;07320398503/33;0892039054798254798
$;6:-7:20;041
070$
31,943,7,5
%0,5-09003907,904131,94303900.43428306:-7:2,3/900;04131,94303$
01,943,7,5
%0,5-09003907,904170,!03900.43428306:-7:2,3/900;0
41!03900.43428370.08843
!/01,947
5,0
-
7/30/2019 Delete Macro Economics Notes
7/16
%08,504190$.:7;0
$#0308 4309,789
;07,0 $ ;07,0 $!7.08 !7.08
#0,!#0,!
#0308 .42574280
;07,0 $ ;07,0 $
!7.08 !7.08
#0,!#0,!
$1983,3/$,:80/-
8198,70.,:80/-
,30839,7,908,3/4;07320398503/318.,54.
,308339070897,908,3/9024308:55
#808370,!1,3900.,307,902,3054798.0,507
$8198,70.,:80/-
.,303457.0847490709073,84.894900.4342
2574;020398390.34447574/:.9432094/83;0892039830/:.,943,3/97,33.3.70,808574/:.9;90;08
,30830.,307,908.2,08254798247005038;0
0308,3818.,54.
-
7/30/2019 Delete Macro Economics Notes
8/16
%8890.4397441900.4342974:4;07320398503/3,3/9,08370.08843904;073203930.9243039490.7.:,714-40739,083.4209,,3/8,089,,3/477,834;07320398503/3
4309,789824309,754.
%8890.4397441900.4342974:39070897,908,3/9024308:55392084170.08843904;073203984:/40739070897,908,3/39208410.088;031,943904079024308:55,3/7,8039070897,90890,;07,0&5078430,738,0,7;3902,3,19079,,0507243941%0,;07,04:80.489820,33,2479,041,55742,904395,20398,990701470,700,;3,949,/8548,-03.42041140;07904;073203970/:.0839070897,9089490324392479,0
5,20398-0.420;30;074:804/,3097,,2439948503/09003,3/4;07320398974:4:99047/,-,3/430/18.,54.0308,382,3/:89.439740/900.4342974:39070897,90824309,782
$:558/09047898
$:558/00.4342898,8801,700.4342898-00;09,94;0732039884:/3493907;0303900.4342,84;07320398.,3349.43974390437:3,8902,7098,70801.4770.93
$970398,3/0,30880841908054.08
%0-089897039418:558/054.08,709,990574;/070,7493!,943,3.420&92,9078083,70290/39070110.9;03088-0.,:8090.,3435:8!:59490!!390437:343-81983$900.43422574;08.,20,8:708292,0,3:302540/50784347%074:95:90,/894,7803!40;07390437:31:790778083!.,343-08:89,30/-3.70,8390574/:.9;9419,947070907-7097,33472574;39090.3449,904780,894479$0.43/78083!974:81983$/43493.70,8031,94357088:7031,.990/49045548901,30.4342.,33.70,8098$9039.,30;037,80974:18.,,3/24309,754.94:9.,:8331,943
:9507
%02:950-.,33.70,8034;07320398503/30,/894,24709,3574547943,78034;0732039-:/8,74,/90.425,370847078,3/574;/0,.4397,.994,.020391,.94709.%480470788503/9072430080070
-
7/30/2019 Delete Macro Economics Notes
9/16
.0307,908,//943,3.42009.
..007,947
4,7803:92,900,/94,78033;0892039,8.425,3082:893;089948,9819030/02,3/
74/34:9
%8890.7:41900308,3;,880,70/0-,9043.70,808330;9,-
0,/9474/34:94309,7898,3/,880,700.43428988,9/40800308,388,9,99/40834974/34:920,38033.70,80834;0732039
8503/3.74/84:957;,9080.9473;0892039!708/039-,2,8974318.,892::85,.,0-47740/17429030800,/94,780339070897,908.
2,092470/11.:9147.425,308,3/3/;/:,894-47742430
.4342.,,.9;0545:,943
!04504,703,3/,-09447939047147.00903:2-074150450
02540/,3/:302540/4:80;08./70389:/0398,3/900/07,70349
0.4342.,,.9;0$4209208.,0/90,-4:7147.0
48:30254203920,8:70/
%04190,-4:7147.00.4342.,,.9;0545:,94394:95,/02542039
&302542039950841
$97:.9:7,:302542039:302542039.,:80/-50450,.3090790047,5.,474..:5,943,88949,0904-89,9,7043411073900.43420
,3:302540/89004707;33,943070908900478,;0.480//43
..,:302542039:302542039.,:80/-,/439:733900.4342%4
.,.:,90900;041...,:30254203993,30.43424:8:-97,.9900;041
:30254203903900.43428306:-7:29900;041:30254203903900.43428370.08843
7.943,:302542039:302542039.,:80/-8420-4/443147,304-
$0,843,:302542039,507843:302540/1475,7941900,7
489841:302542039
:/09/01.98,84;07320398.40.9088,3/8503/24704301,70-030198
!74/:.9;9,3/4:95:91,8077,90841.720,3/84.,:3708957490898
-
7/30/2019 Delete Macro Economics Notes
10/16
073.420306:,9
0,39&302542039
47800947800943:302542039,.740.4342.820,8:733,943,3.420..,:30254203998.,3-04;07.420-18.,54.0308,382
24309,754.24309,78247-/433493,3/,93147900.434294
.4770.99801,8801,700.4342898#024;3232:2,03.70,804;0732039
8503/33;08920395740.9894892:,9090.7.:,714413,943,3.420
$97:.9:7 ,:30254203997,335747,287097,3314790:302540/70/:.301,70-0301983;089203933090.344
7.943,:302542039407-:70,:.7,9.706:70203984-.039078850.,89
3085,5078,/;0798390,;,,-04-809.
31,943.4895:8,3//02,3/5:
4895:831,943
31,943.,:80-7808390$908,20,8908:55.:7;032.740.4342.8
783457.0807,0/02,3/8,78038,089,47,1,390;,:04190
.:7703.
02,3/!:31,943
31,943.,:80/-78083908,20,890/02,3/.:7;032.740.4342.870/:.9438339070897,908473.4209,,78039024308:5547,33.70,80390
545:,7941,.4:39708574/:.984;0780,8
7005331,943,3/50731,943478009
,880,700.4342.8;3907;03943890.4342.8
0%:70,3/24894907.4:39708,74:3/9047/,703908,20548943
70.08843/0130/,8.4380.:9;06:,790784130,9;0!749749
7,908
995549:8.427,3380.4342/5*70,*749*7,90**92
47/
!4,3/945&.4:397
700.03/0893&
&$&%:70-04074
-
7/30/2019 Delete Macro Economics Notes
11/16
9,70,3/$5,3-04902
$4,984:/,.4:397/4842093473493
789903493,5574,.,..47/394,8801,700.4342898902,7098,70801.4770.93%0-,.74:3/949870.08843,890;077,9084131,94339047/3905074/88039,0;07-4/,88503/3243090//349,;07:333:5:0.70/9.,7/-8,3/4907/0-98,381479075,79.4397-:90/94902088-03/34:9243094504504.4:/395,9-,.%02:.2039430/!85045094:9,880984-8473.4204070039243094-:90797,0780390//39,;04-8945,904,38-,.70/9.,7/8;0394,,3/8:3/7%07014703011.039-:8308808857:3:59,984:/394:8084984/9,984:/39,3/57.08414:834144/,3/4907.4224/908748094,0;09,934430.4:/,1147/%07014709870.0884385,-,.92039070.08843903011.039-:8308808,701,34:8084894.809.,701,33
57.094,8038-00;0,3/174290709047/.,37,/:,70.4;07
490842093,5574,.0308,33907;03943890.4342898
0308,30.4342898-.4397,89/4349800902,7098,8801.4770.934790270.088438,708420939,9,4;0732039.,3.439740988:5548090%:78!83472,-43-:931094-4390!,54770.08843,7,5-43%0701470848,0.4342898904;0732039300/8942,0:590/110703.0$,90;,:041902:95078903904;0732039300/89430.9,3,//943,-4339490.7.:,7143901472414;07320398503/3474079,0818.,54.
8207.,!39743 9743%0701470904:95:9,589743$:5548090207.,388503/419073.420903902:95070110.98%0701470,..47/3940308,38-,2,2:8930.9-4339490.7.:,714942,0:5147984:95:9,5
-
7/30/2019 Delete Macro Economics Notes
12/16
254798 44/8,3/$07;.08 $,;3
%, 503/9:7030.94384;07320398503/32:89-03.70,80/--
3;089203954798 ,.94770,7/8 ,.947841574/:.943-,2,85,.,047
":.%20,3/,/0.425708847
,70300/0/94800985.9:70
:8308808
4:804/8
-
7/30/2019 Delete Macro Economics Notes
13/16
":.%20,3/,/0.425708847
,70300/0/94800985.9:70
$484:/,4;0732039:800308,320,8:70847349
/;,39,08
9574;/08,8479907284:943,3/2:.300/0/847990727001 9574;/08.431/03.0147.425,308943;089,..007,9479047
%00.434243.031:02542039.,30307,90304-830
0,909.,3/90701470309,70;03:0894705,90/0-983.:770/
8,/;,39,08
%0243030.90/39490.7.:,714974:3.70,80/4;0732039
8503/34740739,08,894-0705,/90.:7703918.,892::85,.,041&$,83.70,80/&$83,943,/0-9-,3,//943,9743
%06:08943,,8-0,80/,7090804-89,9,70.70,90/70,43
90724-8472070902547,7408904;07320393;0892039349891057;,903;0892039.74/34:9-9,3,,8.,7.07084:7.0841,3/,-4:709.
!58:7;0 31,943 #!58.:7;0
",9:7,7,9041:302542039
#& " &302542039
-
7/30/2019 Delete Macro Economics Notes
14/16
-
7/30/2019 Delete Macro Economics Notes
15/16
207.,8707088;08890247$0/0385747088;088902!747088;09,88902 #07088;09,88902
$0/03072,3& 207.,%:703/,#:88,7,3.0:897,,
,9,705747088;09,085747088;09,8,9,070907.5,,07419073.4209,390544703.4209,::79,0857450799,08.47547,9439,9,43.425,3574198#07088;09,08
#07088;09,08,709,080709054475,,07419073.4209,3907.08,089,1,97,909,4357450791470,250$$574104194504504307.904907544702098,,3/00,7380;072439.4397,89,38,3:302540/,,-4:90,733,24393.4:397909457,90419,898,089,4102095,8,2:.077,90419,9,3,3.81,7074:397,8,9459,7,9041,3/8,089,41%8920-49,3,3/02095,74:419073.42039,%88,2:.0881,788902-:9,90,890209834/8.4:7,0/174285,394;03:-,94,;4/9,08
3.420306:,9
%8820,8:70/-903.4011.039
,1107:7;0
%,7,90
%,70;03:0.40.90/
4703:7;0
-
7/30/2019 Delete Macro Economics Notes
16/16
41900,9430/
544708941545:,943
3.4011.0398.,.:,90/-
422:389&945,70/
,345,5:750.477:5917.,3/.9,94785
020945,089073:7450,3.4:397
%07014704:73.4011.03934:7.422:389:945,
3,345,903.4011.0398;0740905447089
0,73:8941900,9.4397,893020945,903.4011.039820,339,990
-499424341900,9