Jesse's AP Macroeconomics Blog

Absolute Advantage -Individual- exists when a person can produce more of a certain good/service than someone else in the same amount of ti...

-The buying and selling of currency. -Any transaction that occurs in the balance of payments necessitates foreign exchange. -The exchange ra...

-Measures of money inflows and outflows between the united states and the rest of the world (ROW). -Inflows are referred to as credits- -Out...

Economic Growth -sustained increase in real GDP over time as well as per capita over time -growth leads to greater prosperity for societ...

In macroeconomics, this is the period in which wages (and other input prices) remain fixed as price level increases or decreases. Long Run ...

-buying and selling of currency -any transaction that occurs in the balance of payments necessitates foreign exchange -the exchange rate...

Measure of money inflows and outflows between US and the rest of the world -inflows are referred to as credits -outflows are reffered to...