BUS 200 Study Guide - Midterm Guide: Federal Open Market Committee, Janet Yellen, Open Market Operation
6 Apr 2017
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Test 1 review: matching with key concepts and vocabulary, business plan how to outline, know the topic areas, what you"d want to know to be able to start up the business- demographics, competitors. If gov. takes in more revenue than spends it has a surplus and opposite is a deficit. Chapter 2: ***continues to mortgage crisis , ***economics, draw supply (upward slope) and demand (downward slope) curves. Increase in demand means: income goes up, popularity increases, taste and preferences change, expectations about future prices. Consists of 7 governors, ny federal president, 4 others (rotate: regulator of banking system and perform some operations, try to control inflation: % change in price index. Inflatoin is measured by cpi2013 cpi2012 / cpi2012. Core cpi: excludes food and energy (volatile: gdp = consumption + investment + government + net exports, open market operations: how the fed. Reserve tries to affect interest rates (done by fomc)
