Consumption+Investment+Government spending+ Net exports
100
what type of monopoly exists when the government owns, and runs the firm
What is Government monopoly
100
Income that is not used for consumption
What is savings
100
The upward trend on the business cycle
What is expansion
100
Money is the means through which goods and services can be exchanged
What is Medium for exchange
200
All money spent by businesses
What is investment
200
The type of monopoly exists when a firm controls a manufacturing method, invention, or type of technology
What is Technological monopoly
200
The market by which financial assets are resold
What is secondary market
200
the rise of prices while businesses struggle simultaneously
What is stagflation
200
an exchange of goods/services without using money
What is bartering
300
spending of all households on durable goods and nondurable goods/services
What is consumption
300
The type of monopoly exists when there are no other producers within a certain region
What is Geographical Monopoly
300
An investment that gives voting rights, as well as shares of profits
What is common stock
300
Prolonged economic contraction
What is recession
300
The intrinsic value of money is based on its material
What is commodity money
400
sum of all the supply in the economy
What is aggregate supply
400
Expenses a new business faces when entering a new market
What is the start up cost
400
A collection of diverse stock that is professionally managed
What is mutual fund
400
The downward section of the business cycle
What is contraction
400
Name two different physical properties of money
Answers could include, durability, portability, divisibility, or uniformity
500
GDP in terms of current value of goods and services
What is Nominal GDP
500
Which market structure has many buyers/sellers, some variety of goods, little control over prices, and low barriers to entry
What is Monopolistic competition
500
The amount the bond issuer must pay @ maturity
What is par value
500
Real GDP/Population
What is GDP per capita
500
What is the difference between representative money and fiat money
representative money is paper money BACKED BY something tangible, whereas fiat money is money deemed valuable by the government, and accepted by the citizens.