Ch 81: MTTC History: Macroeconomic Equilibrium

About This Chapter

Simplify your review process for the MTTC History exam with the quick and fun video lessons on GDP and the business cycle in this chapter. Study all the aspects of macroeconomic equilibrium you'll need to know about to answer related questions on the exam.

MTTC History: Macroeconomic Equilibrium - Chapter Summary

Use our lessons to brush up on GDP, recession and other macroeconomic equilibrium concepts before you take the MTTC History exam. Our instructors break down large macroeconomics concepts into bite-sized chunks that cover:

  • Methods for calculating real GDP using the GDP deflator
  • Full-employment GDP and expansionary and contractionary gaps
  • Economic performance over time as explained by the business cycle
  • Differences between recession and depression

These videos feature dynamic graphics and animations that make learning or reviewing macroeconomic equilibrium concepts fun and easy. Quickly find definitions for key terms with the lesson transcripts, and watch videos as often as you need while you prepare for the exam.

Objectives of the MTTC History: Macroeconomic Equilibrium Chapter

The MTTC History exam is designed to test your knowledge of history topics in preparation for teaching the subject to students in Michigan. Just one step in the licensure process, the exam is composed entirely of multiple-choice questions covering four subareas. Macroeconomics topics are asked about in the interdisciplinary perspectives subarea, which encompasses roughly 24% of the exam. The self-assessment quizzes that accompany each of our lessons can help you get prepared for the topics you'll be tested on as well as familiarize you with the format of the questions you'll find on the exam.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the MTTC History (009): Practice & Study Guide course