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Decks in this class (18)
1
What is scarcity 1,
What is economics 2,
What is opportunity cost 3
15
cards
2
What is the production possibilit...,
What is absolute advantage 2,
What is comparative advantage 3
7
cards
3
What is demand 1,
What is quantity demanded 2,
What is the law of demand 3
12
cards
4
What is market equilibrium 1,
What is equilibrium price 2,
What is equilibrium quantity 3
10
cards
5
What is a price control 1,
What are the economic consequence...,
What is a price ceiling 3
8
cards
6 - test 2 begins
What is the definition of gdp 1,
Does gdp include intermediate goo...,
What are the components of gdp 3
20
cards
7
How is economic growth measured o...,
How much has real gdp per capita ...,
What are the two factors that aff...
8
cards
8
Why do poorer countries grow fast...,
What is catching up growth versus...,
What is the solow growth model 3
13
cards
11
Who measures labor force and unem...,
What is the civilian non institut...,
What is the labor force 3
12
cards
12
What is the price level 1,
What is inflation 2,
What is the relationship between ...
17
cards
externalities
What are externalities 1,
What is a positive externality 2,
What is a negative externality 3
6
cards
Types of goods
What is a rival good service 1,
What is a non rival good service 2,
What is an excludable good service 3
11
cards
9
What is saving 1,
What is investment from an econom...,
Who provides the supply and deman...
14
cards
13-14
What is the business cycle 1,
Is economic growth smooth 2,
What is a recession 3
21
cards
15
What is money 1,
What is the federal reserve 2,
What is the monetary base 3
9
cards
16
What is monetary policy 1,
What is expansionary monetary pol...,
What is contractionary monetary p...
9
cards
17
What is public finance 1,
What is mandatory spending 2,
What is discretionary spending 3
16
cards
18
What is fiscal policy 1,
What is contractionary fiscal pol...,
What is expansionary fiscal policy 3
11
cards
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Econ 1500
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