Macro vs Micro
Which studies individual firms?
What is Micro?
What is having 4-5% unemployment?
what is full employment?
does buying a second hand good count for GDP?
what is no?
what type of unemployment is a person loosing their due to not needing their skills?
What is structrual unemployment?
What is the upward slope called in the business cycle?
What is expansion
Is GDP Micro or Macro?
What is the macro goal which wants to reduce inflation and deflation called?
What is stable prices?
Does Government spending count for GDP?
What are the types of unemployment?
What is structural, cyclical, and frictional unemployment?
What is a Trough?
Is demand and supply Micro or Macro?
What is Micro?
What causes Economic Growth
what is an increase in technology or an increase in resource quantity or quality
Are new roads built by the government included in GDP?
What is yes?
what is a reason that unemployment is understated?
What is discouraged workers
What is the highest point called?
What is a Peak?
What is the production of corn from one company in the US?
What is microeconomics?
list the four macroeconomic goals
What is stable prices, economic growth/ development, full employment, and balance of trade
Does money made by consumers effect the GDP directly?
What is no?
What type of unemployment is caused when someone stops looking for a job?
What is not counted?
What is the downward slope called?
What is Payson's deepest darkest desire?
Double Jeopardy
What is to own a small army of lobsters?
What goal is affected in America if Europe's economy is at an all time high?
What is Balance of Trade?
What is the GDP equation?
What is Y=C+I+G+(E-I)?
What does the unemployment rate do during a peak?
What is decrease?