ECON 1115 Lecture 16: Quiz and Aggregate Supply Demand
19 Oct 2015
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Econ 1115 lecture 16 quiz and aggregate supply demand. Quiz was conducted for 30 minutes in the online portal. Social security recipients will receive no cost of living increase in 2016. Points to note for the likely causes of inflation (as discussed in previous lectures): If demand increases, price increases and inflation occurs. If supply increases then price decreases and we have a surplus. What are the two main functions of the fed: to get us back from recession, keep inflation in tact. To fight inflation what is needed: raise interest rates through the roof. (refer the real gdp graph discussed in previous classes) One of the most controversial episodes of the watergate scandal, the so-called. Saturday night massacre came on october 20, 1973, when embattled president richard. Nixon fired special prosecutor archibald cox and accepted the resignations of attorney. General elliot richardson and deputy attorney general william ruckelshaus: the massacre stemmed from an inquiry into the notorious june.
