Graphs
Equations
Word Problems
Terms
Wildcard
100
The person with comparative advantage in cavities.
Who is Victoria?
100
The Spending Multiplier
What is 1/MPS?
100
A country with their resources can make 100 Honda Civics or 250 Play Station 5s. The opportunity cost for 1 Honda Civic is ____.
What is 2.5 Play Station 5s?
100
Nominal is ___
What is current?
100
The label for the Y axis of a Phillip's curve.
What is inflation rate?
200
What does point E represent?
What is inefficiency?
200
The equation for money supply
What is M1+M2?
200
A bank has $5 Million in Demand Deposits and $2 Million in Treasury Bonds. If the required reserves ratio is 20%, how much money will be in excess reserves assuming the bank does not loan out any money.
What is $2 Million?
200
PPC is short for...
What is Production Possibilities Curve?
200
The Fed Chair.
Who is Jerome Powell?
300
What is this graph called?
Aggregate Supply and Demand?
300
The Money Multiplier
What is 1 / required reserves?
300
Assume in a country's economy, where the marginal propensity to consume is 20%, that the government increases taxes by $20 Billion. How much will this change the economy, and is this contractionary or expansionary fiscal policy?
What is $5 Billion and Contractionary Policy?
300
The definition for liquidity.
How fast can an asset be turned into usable cash (M1)?
300
The difference between current and capitol account.
The main difference between a current account and a capital account is that a current account tracks a country's short-term transactions, while a capital account tracks a country's long-term financial transactions.
400
This graph shows ____ reserves
What is ample reserves?
400
The GDP Deflator
What is (nominal GDP / real GDP) * 100?
400
If a country is operating in an inflationary gap, the unemployment rate is _____ the natural unemployment rate.
What is below?
400
When an economy is operating at its highest level of employment without creating inflation
What is quantity full employment?
400
The Onion Futures Act.
An act that was put in place that bans buying futures on Onions, as a result of a farmer in 1958 having a monopoly on Onions.
500
The name of this graph.
What is a money market graph?
500
The Quantity Theory of Money Equation
What is M*V = P*T?
500
The people who carry out fiscal policy.
Who is Congress?
500
A financial asset that represents a loan made by an investor to a borrower, typically a corporation or government.
What is a bond?
500
The side of a required reserves chart a loan is on.
What is the left side?