Microeconomics Ultimate Cheat Sheet
Production Possibilities Curve Supply and Demand (CS + PS) Price Ceiling (CS, PS, DWL) Tax (Tax Revenue and DWL) Perfect Competition (Firm, Profit) Perfect Comp (Firm, Long-run) Elastic and Inelastic Ranges Monopoly (Profit, DWL) Monopolistic Comp (Long-run) Perf. Competitive Labor (Firm) Negative Externality (DWL) Positive Externality (DWL)
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Macroeconomics Ultimate Cheat Sheet
lopiccolo.weebly.com3. ↑ Consumer Spending → Real GDP ↑ 4. ↑ Interest rates → Investment ↓ 5. ↑ Inflation → Real wages ↓ 6. ↑ Aggregate demand → Price level ↑ 7. ↑ SR Aggregate supply → Price level ↓ 8. ↑ Government Spending → Real GDP ↑ 9. ↑ Taxes → Disposable income ↓
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