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Supply/Demand
4 Factors of production
taxes
The Fed
?
100
Law of Demand
What is when the price goes up the quantity demanded goes down or vise versa
100
capital
What is things that are used to make more money?
100
Federal taxes that pay for retirement
What is social security
100
tools of the fed
What is discount rate reserve requirement open market operations
100
GDP
What is the sum of the entire economy in the United States for a given year?
200
Law of Supply
What is the when the price goes up the quantity supplied goes up or vise versa
200
Labor
What are the people who are working in the jobs?
200
type of tax that gets higher with the more money that you make.
What is progressive tax
200
number of governors in the Fed and number of years in office
What is 7 and 14
200
frictional unemployment
What is normal unemployment where worker is between jobs? Not urgent
300
equilibrium point
What is the point at which demand and supply meet?
300
land
What is the resources used in business?
300
type of tax that goes down as you make more money
What is regressive tax
300
closest regional bank
What is atlanta?
300
civilian labor force
Who is anyone that is 16 and over and not in the military?
400
Change in price
What is change in quantity supplied or demanded
400
the brains of the operation
who is the entrepreneur
400
type of tax that takes the same % of money from everyone
What is proportional tax?
400
tight monetary policy
What is the practice of restricting money in circulation in order to slow down the economy?
400
demand-pull
What is the type of inflation caused by customers demanding more because of more income?
500
Gum gives you super powers.
What is the price goes up at each and every price
500
#1 factor changed in the workplace
What is labor
500
give an example of each type of tax
sales tax- regressive income tax- progressive flat tax- proportional
500
M2
What is all of M1 and savings deposits?
500
comparative advantage
What is absolute advantage with a lower opportunity cost?