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Market Structures
Business Cycle/Macroeconomics
Macroeconomics
Money & Banking
Finance
100
firms that don't have to consider competitors when setting the prices of its products.
What are price makers
100
when aggregate demand equals aggregate supply
What is macroeconomic equilibrium
100
the study of the economy as a whole
What is macroeconomics
100
an exchange of goods and services without using money
What is a barter
100
an increase in stock market prices
What is a bull market
200
Name the type of market structure where there are standardized or differentiated products
What is an oligopoly
200
growing and shrinking periods of economic activity (measured with GDP)
what is the business cycle
200
price paid for the use of borrowed money
What is interest
200
a stock where you have a share of the profits, but not any voting rights; it also pays dividends.
What is a preferred stock
300
Name the 3 different types of monopolies.
What is a natural monopoly, technological monopoly, and
300
1. expansion 2. peak 3. contraction 4. trough
What are the parts of the business cycle
300
What is the GDP equation
GDP= C+I+G+(exports-imports) C: consumption I: investment G:gov't spending N: net exports
300
gov't insures customer deposits if a bank fails
What is the FDIC
300
A long term financial investment (house) and a short term financial investment.
What is a capital and money market
400
gov't owns/runs the firm, or authorizes 1 producer
What is a gov't authorized monopoly
400
when real GDP has increased
What is economic growth
400
prolonged contraction lasting 6+ months and an extension of a recession with high unemployment
What is a recession and depression
400
- physical -economic
What are the money properties
400
a contract issued by a corporation promising to repay borrowed money and interest
What is a bond
500
using advertising to try to convince customers to buy one product rather than another is a form of
What is non price competition
500
- states GDP in terms of current value of goods/services - states GDP corrected from changes in prices from year to year
What is nominal and real GDP
500
1. natural resources 2. human resources 3. capital 4. tech & innovation
What are the factors affecting growth
500
- determines economic worth in the exchange process - something that holds value overtime (can be saved)
What is the standard and store of value
500
- paper money backed by something tangible (silver or gold) - declared valuable by gov't/accepted by citizens (issued by gov't)
What is representative money and fiat money