Trina's AP Macroeconomics Blog

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

when currency rates are set by international markets, changes will be based on neutral purchasing power of currencies U.S. $ to European ...

buying / selling of currency ex : in order to purchase souvenirs in France, 1st recession for American to sell ( supply ) their dollar an...

Assets or CREDITS ( + ) , Demand for $ , "Inflows" Current Accounts : Balance on Goods and Services Net Exports ( Xn ) Bala...

measure of money inflows and outflows between U.S. and Rest of the World ( ROW ) system of accounting used for international trade credi...

Economic Growth Defined sustained increase in real GDP over time sustained increase in real GDP per capita over time Why Grow? grow...

Supply - Side Economists tend to believe that the AS curve will determine levels of inflation, unemployment, and economic growth to incre...