Introductory Economics
Supply and Demand
Measuring the Economy
Fiscal and Monetary Policy
Foreign Exchange Rate
100
When decisions regarding investment, production, and distribution are made based on supply and demand
What is market economy
100
Price of resources causes a shift in this
What is supply
100
The final value of all goods/services produced by the nation in a given year
What is GNP
100
The recession line for LRAS is on this side of equilibrium
What is right
100
The term used in exchange rate referring to when a currency increases its demand
What is appreciate
200
Comparative advantage measures this
What is efficiency
200
The term used to describe the requested amount
What is demand
200
Stocks and bonds are not included in this
What is GDP
200
Contractionary tools are used during this economic time
What is inflation
200
Changes in income can cause this to happen to the demand curve for currency
What is shift
300
An economy in which everything is determined centrally by the government
What is command economy
300
A direct relationship between price and quantity supplied
What is law of supply
300
The time frame that GDP and GNP calculate
What is a year
300
When economists develop theories about the way markets and market economies work
What is classical economics
300
When interest rates increase this happens to the export rate
What is decrease
400
Land, labor, capital, entrepreneurship are all part of this
What is factors of production
400
When demand increases, the graph moves in this direction
What is right/out
400
Calculated by multiplying quantity and price together
What is Nominal GDP
400
Controls open market operations
What is Federal Open Market Committee
400
Raising income causes a raise in this
What is imports
500
Term used to declare that the economy will be fixed on its own
What is Laissez-faire
500
Technology typically causes this to happen to the supply curve
What is decrease/move in
500
c+i+g+(x-m) is the equation for this
What is GDP
500
During recessions, this type of policies are used
What is expansionary
500
When a nation's currency appreciates this happens to the aggregate demand
What is decrease
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