a limited quantity of a particular product that under official controls can be produced, exported, or imported.
What is quota
100
a measure of how much the quantity demanded will change if another factor changes.
What is demand Elasticity
100
a general increase in prices and fall in the purchasing value of money.
What is inflation
100
increases gov spending decreases taxes
What is Expansionary policy
100
the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
What is interest rates
200
and, labor, capital and entrepreneurship.
What is factors of production
200
when the price goes up, consumers’ buying habits stay about the same, and when the price goes down, consumers’ buying habits also remain unchanged.
What is Demand in-elasticity
200
the 5 types of unemployment
What is seasonal,frictional,cynical,structional and technological unemployment.
200
decrease in gov spending and increse in taxes
What is contractionary policy
200
bring goods or services into a country from abroad for sale.
What is imports
300
an economy in which production, investment, prices, and incomes are determined centrally by a government.
What is command economy
300
The point at which supply and demand meet
What is equilibrium
300
frictional and cynical unemployment.
What are the best and worst types of unemployment
300
he minimum interest rate set by the Federal Reserve for lending to other banks.
What is discount rate
300
send goods or services to another country for sale.
What is exports
400
system in which traditions, customs, and beliefs shape the goods and the services the economy produces
What is traditional economy
400
Any point on a supply and demand curve that is not where the two curves meet is called this
What is disequilibrium?
400
the condition in which virtually all who are able and willing to work are employed
What is full employment
400
banks borrow money from other banks
Whatis federal funds rate
400
An increase in the value of an asset over time
What is appreciation
500
a policy or attitude of letting things take their own course, without interfering.
What does laissez-faire mean
500
If a price ceiling is set below the equilibrium
What is shortage
500
a combination of frictional and structural unemployment that persists in an efficient, expanding economy when labor and resource markets are in equilibrium.
What is natural rate of unemployment
500
The actions of a central bank, currency board or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates
What is monetary policy
500
A measure of the decrease in value of an asset over a specific period of time.