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Title: MaCrew: Economics View count: 506 Rating: 5.0 (6 ratings) Description: Made in less than half a day...so...hahaha. Project for AP Economics 2009 Lyrics: The productivity, is the GDP Take the sum up of the C I G There's no X in a closed economy Open it up and free trade is what you'll see The CPI is your price index Shows you what you pay for a bottle of windex Compared to the price level of last year We should keep it at 100, now y'hear? **Macroeconomics, study as a whole, The wealth of a nation, or so I'm told A one letter change and we're looking at a firm But macro's what we're here for, sit back and learn. A phillips curve, shows you the tradeoffs 'tween inflation/unemployment, yeah those layoffs. Take the two rates, do not perplex, The sum is known as the misery index Did you know that money has speed? Actually, it's called, velocity P Q over M, that's what V is equal to in, this economy ** Something that's important yeah to me is known to you as the MPC It is the Marginal Propensity to consume and shop and spend money If aggregate demand, and aggregate supply shift to the right, then GDP's up high Don't know bout chu, but more output is fly That's the way it is so don't ask me why ** Say's law says supply creates demand It's something that you should probably understand Gave classical theory the the upper hand 'Til Keynes came along, what a man Short run was the game of his theory Didn't think that the world's economy Functioned at its full capacity Pessimistic Negativity? Break it down... Inflation the nation cuz theres a justification Of its short term relation Between unemployment otherwise Oh, dont get a bruther-wise When rational expectation-wise The sacrifice ratio-nality Due to contractionary policy Is smaller than expected in the theory Of rational expectation, oh Just ask my man Volcker, Who went up to that suckah Stagflation and smackd hah [her], Like Alan Greenspan, Who went up to tha man, Inflation, and he demandd Some respect, or lest He get charged of vehicular manslaughter Of inflations mother and daughter. To OPEC he said, whos your father, boy? ** Lyrics by KaoPow (majority) and Icy-J (intense rant) Tags: ap, economics, lexington, high, school, macro, Author: taiwanesekid |
