Show:
introductory economics
supply and demand
measuring the economy
fiscal and monetary policy
foreign exchange rates
100
A private economic system.
What is capitalism economy?
100
when the supply of goods marches demand.
What is equilibrium price?
100
frictional unemployment- people are not really unemployed their just replacing their old job.
the best type of unemployment is?
100
over night loan, short term loan.
What is federal fund rate?
100
not settled in a definite place.
What is the meaning of floating?
200
an exchange of goods outside of the country
What is exports?
200
there is inverse relationship between price and quantity demand
What does law of demand state?
200
when a fundamental change in the operation of the economy reduces the demand for workers and their skills
What is structural unemployment?
200
buying and selling bonds
this happens in expansionary monetary
300
a policy in markets in which governments do not restrict imports or exports.
What is free trade?
300
preferences, taste, number of consumers, price of related goods, income...
What are the shifters of demand?
300
frictional, cyclical, and structural.
name the types of unemployment:
300
a central bank regulation employed by most, but not all, sets the minimum fraction of customer deposits and notes that each commercial bank must hold as reserves.
What is required reserve ratio?
400
He illustrated the importance of comparative advantage in the early 1800's
What did David Ricardo do?
400
there is a direct relationship between price and quantity
the law of supply states?
400
= consumption+ investment +(government spending)+(exports-imports)
how do you calculate GDP?
400
open market operations discount rates required reserve ratio
the tools of federal reserve are:
500
David Ricardo solved a problem that he had with comparative advantage
Adam Smith:
500
price of resources, number of producers, technology, taxes and subsidies.
shifters of supply?
500
= no.of unemployed person ----------------------------= labor force
calculating unemployment rate:
500
corporate and personal taxes, and transfer systems such as unemployment insurance and welfare.
What is automatic stabilizers?