SAY WHAT?
SUPPLY/DEMAND
TO MARKET TO MARKET
THE FRED
MONEY CANT BUY YOU HAPPINESS
100
SCARCITY
TOO MANY WANTS AND LIMITED RESOURCES
100
DOWN
WhEN SUPPLY GOES UP, DEMAND GOES?
100
MARKET, COMMAND AND TRADITIONAL MOST MARKETS ARE MIXED
WHAT ARE THE THREE TYPES OF ECONOMIC SYSTEMS
100
BOARD OF GOVERNORS
THIS PART OF THE FED OVERSEES ALL OF THE OTHER BRANCHES OF THE FED.
100
COMMODITY MONEY
MONEY THAT HAS AN ALTERNATIVE USE AS AN ECONOMIC GOOD.
200
PARADOX OF VALUE
WHEN NON ESSENTIALS HAVE A HIGHER VALUE THAN SOME NECESSITIES.
200
UP
WHEN PRICE GOES UP, SUPPLY GOES?
200
COMMAND
IN A ____________ ECONOMY A CENTRAL AUTHORITY MAKES THE MAJOR DECISIONS ABOUT WHAT, HOW, AND FOR WHOM TO PRODUCE
200
INTEREST RATE
THIS IS THE PRICE FOR BORROWING MONEY
200
MONEY BY GOVERNMENT DECREE
What is FIAT MONEY?
300
SPECIALIZATION
WHEN FACTORS OF PRODUCTION PERFORMS ONLY TASKS THEY CAN DO BETTER OR MORE EFFICIENTLY THAN OTHERS.
300
SHIFT TO THE RIGHT
WhEN THERE IS AN INCREASE IN SUPPLY, THE SUPPLY CURVE WILL?
300
TRADITIONAL
AUSTRALIAN ABORIGINES, INUIT OF CANADA AND THE AMISH IN THE USA HAVE THIS TYPE OF ECONOMY
300
MONETARY POLICY
CHANGES IN THE MONEY SUPPLY IN ORDER TO AFFECT THE AVAILABILITY AND COST OF CREDIT
300
MONEY MUST BE 1. PORTABLE 2. DURABLE 3. LIMITED SUPPLY
What ARE THE CHARACTERISTIC OF MONEY.
400
THIS TYPE OF MONOPOLY OCCURS WHEN THERE IS AN ABSENCE OF OTHER SELLERS IN THE AREA
What is A GEOGRAPHIC MONOPOLY
400
ELASTICITY
What is THE WAY THE QUANTITY DEMANDED OR SUPPLIED RESPONDS TO A CHANGE IN PRICE
400
COMMAND
REWARDS FOR INDIVIDUAL INITIATIVE ARE RARE IN THIS ECONOMY
400
EASY MONEY POLICY
FED EXPANDS THE MONEY SUPPLY, CAUSING INTEREST RATES TO FALL
400
MEDIUM OF EXCHANGE, MEASURE OF VALUE, STORE OF VALUE
What ARE THE FUNCTIONS OF MONEY
500
EQUILIBRIUM PRICE
WhEN SUPPLY AND DEMAND CURVES INTERSECT AT A SPECIFIC POINT
500
GOVERNMENT REGULATIONS
USA IS CALLED A MARKET ECONOMY BUT IT'S REALLY MIXED BECAUSE OF THIS
500
RESERVE REQUIREMENT, OPEN MARKET OPERATIONS, AND DISCOUNT RATE
THREE TOOLS THAT THE FED USES TO CONDUCT MONETARY POLICY
500
ONE INCLUDES COIN, CURRENCY, TRAVELERS CHECKS, CHECKING ACCOUNT....THE OTHER INCLUDES SAVINGS DEPOSITS, MONEY MARKET FUNDS.
What is THE DIFFERENCE BETWEEN M1 AND M2
M
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