AP Macro InstantReview
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5 Terms
1
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Base year prices
Which prices and quantities do you use for CPI calculation?
2
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Unemployment rate formula
Unemployed/(Unemployed+Employed)
3
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LFPR formula
(Employed+Unemployed)/Working age population
4
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Fisher equation
Nominal interest rate = real interest rate + expected inflation rate.
5
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Note 
Flashcards (22)