Show:
Economists
Economic Goals
GDP
Money
Miscellaneous
100
Invisible hand
Who is Adam Smith?
100
Producing more with less scarce resources.
What is productivity?
100
Is associated with this - a measure of human well being.
What is standard of living?
100
This money is legal tender.
What is "fiat" money?
100
A long recession.
What is a depression?
200
Stolen surplus value of the proletariat
Who is Karl Marx?
200
Only 6% of those looking for work do not have a job.
What is full employment?
200
Sometimes shown as this - an average for each citizen.
What is per capita?
200
All the money in a bank.
What is "deposit" money?
200
Used to track inflation.
What is the Consumer Price Index?
300
comparative advantage
Who is David Ricardo?
300
GDP goes up every year.
What is economic growth?
300
These are two ways to count it.
What are the income and expenditure approach?
300
How much a bank needs to keep in the vault?
What is the "reserve ratio"?
300
Another term for productive resources.
What are factors of production?
400
Arithmetical progression of food production; geometrical growth of population
Who is Thomas Malthus?
400
No inflation or deflation.
What is price stability?
400
What you need to avoid if you want an accurate total?
What is 'multiple counting'?
400
Banking that requires some money to be kept in the vault and the rest to be used to earn more money.
What is "fractional reserve banking"?
400
Entrepreneurship is an example of this kind of resource.
What is intangible?
500
Government should focus on printing money and leave the economy to business.
Who is Milton Friedman?
500
Balance of payments accounts.
What is a stable currency?
500
How to get rid of inflation?
What is "with the Chain Fisher Volume Index"?
500
Progressive tax is an example of this kind of fiscal policy that is always in place.
What is "automatic stabilizer"?
500
Cuba has this kind of economic system.
What is a command economy?