1. This document discusses key concepts related to aggregate demand and supply in an economy.
2. It notes that aggregate demand is determined by spending on consumption, investment, government purchases, and net exports. Changes in these components influence total output and employment in the economy.
3. The document also discusses how aggregate supply is influenced by factors of production and technology. It explains the relationship between aggregate demand, aggregate supply, inflation, and economic growth.
1. This document discusses key concepts related to aggregate demand and supply in an economy.
2. It notes that aggregate demand is determined by spending on consumption, investment, government purchases, and net exports. Changes in these components influence total output and employment in the economy.
3. The document also discusses how aggregate supply is influenced by factors of production and technology. It explains the relationship between aggregate demand, aggregate supply, inflation, and economic growth.
1. Inflation is a sustained increase in the general price level of goods, services and assets in an economy over a period of time. Its opposite phenomenon is deflation.
2. The main index used to measure inflation in Mongolia is the consumer price index, as calculated by the National Statistics Office.
3. Factors that typically contribute to inflation include increases in money supply, aggregate demand, costs of production, and import prices. Sustained high inflation is harmful to the economy.
1. Macroeconomic policy aims to regulate total demand and supply in an economy to achieve full employment and price stability.
2. When macroeconomic policy is implemented, it affects all types of economic agents and causes total output, employment, investment and prices to fluctuate in the short run.
3. In the long run, macroeconomic policy aims to achieve steady economic growth and price stability through managing aggregate demand and supply.
1. Inflation is a sustained increase in the general price level of goods, services and assets in an economy over a period of time. Its opposite phenomenon is deflation.
2. The main index used to measure inflation in Mongolia is the consumer price index, as calculated by the National Statistics Office.
3. Factors that typically contribute to inflation include increases in money supply, aggregate demand, costs of production, and import prices. Sustained high inflation is harmful to the economy.
1. Macroeconomic policy aims to regulate total demand and supply in an economy to achieve full employment and price stability.
2. When macroeconomic policy is implemented, it affects all types of economic agents and causes total output, employment, investment and prices to fluctuate in the short run.
3. In the long run, macroeconomic policy aims to achieve steady economic growth and price stability through managing aggregate demand and supply.
1. The seminar discusses various types of loans including personal and mortgage loans. It provides details on the calculation of interest rates for different loan types and factors affecting credit scores.
2. Sample questions are provided to test understanding of key concepts around loans, assets, liabilities, interest rates and credit scoring.
3. The document appears to be materials for a seminar or training on banking products like loans, liabilities, assets and credit evaluation.