Unit 1
Unit 2
Unit 4
Unit 5
Unit 6
100
These are the four factors of production.
What are Capital, Entrepreneurship, Land, and Labor?
100
This measure uses a fixed basket of consumer goods.
What is CPI?
100
These are the four measures of the money supply.
What are M1, M2, M3, and L?
100
These are deliberate changes in the federal tools to increase or decrease the money supply.
What is Discretionary Monetary Policy?
100
A set of graphs relating the relative value of two currencies is called what?
What is a FOREX Graph?
200
Economics revolves around this primary principle.
What is scarcity?
200
The amount of people 16 or older seeking or in a job.
What is the labor force?
200
This measure includes demand deposits, cash, savings, mutual market funds, and small time deposits.
What is M2?
200
Aggregate Demand has outpaced Aggregate Supply. This has happened.
What is Demand Pull Inflation?
200
The yuan has increased in relative value. It has done this.
What is appreciated?
300
This point sits within the PPF.
What is attainable but inefficient?
300
This equation is used to calculate inflation rate using CPI.
What is (CPI2-CPI1)/(CPI1)?
300
This is the most-utilized tool of the Federal Reserve.
What are open-market operations?
300
This is a curve that relates Inflation and Unemployment.
What is the Short Run Philips Curve?
300
This is an economic measure of a negative balance of trade in which a country's imports exceeds its exports.
What is a Trade Deficit?
400
Country B has this, which is why it specializes in the production of automobiles due to lower opportunity cost.
What is comparative advantage?
400
These people have been removed from the labor force due to the inability to find employment.
What are discouraged workers?
400
A certificate issued assuring the payback of loaned funds with interest.
What is a bond?
400
This is an unexpected event that affects Aggregate Supply.
What is a Supply Shock?
400
US supply of USD to Japan increases. This happened to the relative value of the USD.
What is a decrease?
500
This country has a comparative advantage in wine production.
What is England?
500
This form of unemployment arises when the output of a population is not enough to sustain adequate amounts of employment.
What is cyclical unemployment?
500
The average amount of times a single unit of currency is spent on goods within GDP.
What is the velocity of money?
500
This is a period of falling output and rising prices.
What is Stagflation?
500
This is a summary of a country's transactions with other countries.
What is the Balance of Payments Account?