Macro Fundamentals
Economics is the study of... what?
Choices!
The Y axis of the supply and demand graph is what variable?
Price/P
This type of market structure features lots of advertising and brand recognition
Monopolistic Competition
Money Supply
Spending goods to create future wealth
Investment
These are payments collected by the government to fund essential services
Too little supply/high prices is indicative of this type of inefficient economy
Shortage
Resource market
This type of money is usually backed by something valuable, such as gold or silver
Commodity Money
This type of investment is a piece of the ownership of a publicly traded company
Stocks
This type of economy contains no free market and complete government control
Command economy
This occurs when a business deliberately sets their prices above the Equilibrium Point
Price Gouging
This variable of the GDP formula contains all the money businesses spend on resources
Private Investment (I)
This function of money tells us how money can be used to buy goods and services
Medium of Exchange
The TOOL that tells investors what types of investments they are most comfortable with
Risk/Reward Pyramid
What is the opportunity cost if you decide to go to the beach instead of the movies?
The movies/enjoyment from the movies
Goods that are neither necessities nor luxuries usually fall within this type of elasticity
Unitary elasticity
This type of money flow is reserved for payments to households for natural resources
Rent
This metric "counters" inflation by telling us the increase in the money Americans make
The MEASURE of how much risk an investor is willing to go through with an investment
Risk Tolerance
A new advertisement explains that orange juice is good for your health. What is the likely effect on Price and Quantity?
Name one of the two metrics make up the overall health of an economy
Producer and consumer surplus
Public utilities usually fall under this type of market structure
Monopoly
One positive effect of Inflation is that it balances these out, keeping the labor market at Equilibrium
Real Wages
Bonds