Econ intro
S&D
Measurements
Policy
Rates
100
-money -time -gas -electricity -food
what are resources
100
more computers will be purchased at each price
what is a demand increase
100
about 5% all available resources are being used and all people willing to work have a job
what is full employment
100
buying and selling bonds
what is a tool of the federal reserve
100
appreciated currency
what is an AD shifter
200
who gives up the least
what is comparative advantage
200
the quantity of demanded equals the quantity supplied
what is the definition of equilibrium
200
change in CPI/beginning CPIx100
what is price change calculation
200
investment and government spending multipier
what is 1/MPS
200
depreciated currency
what is an AS shifter
300
economy as a whole not individual markets, national, regional and global
what is marcoeconomics
300
when prices go up for product x the quantity produces will make increases
what is law of supply
300
follows business cycle, stops people from buying goods
what is cyclical unemployment
300
government micro-managing to fix economic issues
what is keynesian economics
300
the demand for German money increases higher than Chinese.
what is appreciated German money
400
one country is the best at making one specific thing. they are the most efficient and sell the most
what is absolute advantage
400
changes in price affect purchasing power of consumer
what is income affect
400
number of unemployed/ labor force x100
what is unemployment rate
400
change in consumption divided by change in income
what is MPC
400
country x has a high export rate
what is lower interest rate
500
no free market economy
what is an Adam Smith idea
500
there is an inverse relationship between price and quantity required
what is law of demand
500
-cannot reach potential output -less money in circulation -higher crime rate -less spending power -government spending increase towards welfare
why is unemployment bad
500
-MPC/MPS
what is tax multiplier
500
the rate in which price increases
What is inflation
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