Technically, I may own the factory, but you are all really my bosses. You determine what is made and how much I make.
What is the consumer?
200
I build cars. What do you mean you don't have an opening in the computer division? What's that about?
What is structural unemployment?
200
In keeping people from panicking when they go to the bank, this represents currency that is loaned to banks overnight so that there is enough money for people to do what they need to do. This keeps money stable.
What is money supply/control the money supply?
200
Mom's apple pies is hit hard by the 2014 apple freeze. We lost all our crops. Why can't I just use blueberries? What are these apples to me?
What is inelastic?
300
I would love to charge you more, but I can't. The government has set an upward limit of what I can charge.
What is price ceiling?
300
I have to chart how my sales are going, if business is good or not so well. Everything is linear.
What is business cycle?
300
You pay me and I work for you in your company.
What is the labor market?
300
The purpose of monetary policy. The only reason the Fed really controls interests rates.
What is reduce people's panic over the business cycle?
300
I can't buy that here! I checked at Walmart and they are selling it for $10 less. How do you expect me to use my money?
What is unit of account?
400
I can either produce more donuts or more crullers. What will I use to see how much my choice will cost me?
What is productions possibilities curve?
400
Business is not so good! Sales have gone down. What happened?
What is a contraction point?
400
I don't want to become a painter. You can't tell me what to do.
What is a command market?
400
Unlike the federal government, this is the policy I create and it's really about setting interest rates, so I can lessen the negative impact of the business cycle.
What is monetary policy?
400
Canada has decided to only allow in 200,000 Chevys. What are they doing?
What is import quota?
500
This is a measurement of all goods and services sold in our countries borders within one year.
What is gross domestic product?
500
Your household spends money here but I give you product for your money.
What is product market?
500
I can earn all I want at my job. This is really what tells me what my money is worth.
What is inflation?
500
If I want to take money out of circulation and out of your pocket, I sell these and you look forward to a return on your investment after a period of time.
What are bonds/government bonds?
500
My Starbucks is costing me how much in Acapulco? I normally pay $5 in Phoenix. I'm getting 15 pesos for my dollar. That's nice, but how many pesos is that latte?