lirik lagu gabriella & james – cpi, gdp, economy
[chorus]
so what we got bills?
excludability
when interest rates are low
we buy all we can see
so what we cash out?
fiscal policy
cpi, gdp, economy
a pl
[verse 1: james]
got consumer price index
1.5% in the u.s
measurement of what we buy
just tryna simplify
bls help us calculate the u.s. inflation rate
fixed basket is the key to success
not disregarding the rest
base year to equalize that inflation, that comprise
housing is the greatest percent
lots of people trying to pay rent
gdp, gross domestic product, you see
our cost of living is high
deflator helps us get by
total production domestically
only homeland, not overseas
$17.1 trillion
what? not million!
exports, investments, gov. spending, consumption
represents the function
visually for our land
can be seen with aggregate demand
[chorus]
[verse 2: james]
aggregate supply: either a short term or long term ride
always vertical over time
production function defined
misconceptions. sticky prices and wages: reasons why it raises
when it shifts to the right
technology must be tight
that’s how it should be done;
soon as you’re thinking you’re down
find how to turn things around
from the ground up, built up from depression times
where inflation and unemployment dies
now i’m chillin, fresh out of cl-ss feeling like econ was a breeze
i can take care of my future children
got some stocks, a plan of investing
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