This class was created by Brainscape user Ovie Omuoreh. Visit their profile to learn more about the creator.

Decks in this class (14)

Principles Of Economics
What are the 7 principles of econ...,
What is productivity,
What is opportunity cost
10  cards
Thinking Like An Economist
What is an economic model,
What is the circular flow diagram,
What is the production possibilit...
14  cards
Supply and Demand
What is a competitive market,
What is supply,
What is demand
12  cards
Measuring A Nation's Income
What is microeconomics,
What is macroeconomics,
What is gdp gross domestic product
25  cards
Measuring the Cost of Living
What is consumer price index cpi,
What is the inflation rate,
What are the problems in measurin...
9  cards
Production And Growth
What is productivity,
What are the four determinants of...,
Describe the four determinants of...
15  cards
Saving, Investment, And The Financial System
What is the financial system,
Saving and investment are key ing...,
When a country saves a large port...
41  cards
Unemployment And Its Natural Rate
What is the natural rate of unemp...,
What is cyclical unemployment,
What is the labour force
16  cards
The Monetary System
What is money,
What is the medium of exchange,
What is the unit of account
21  cards
Money Growth and Inflation
What are nominal variables,
What are real variables,
Dollar prices are nominal variabl...
29  cards
Aggregate Demand and Aggregate Supply
What is recession,
What is depression,
Money is a veil behind the action...
36  cards
The Influence Of Monetary Policy On Aggregate Demand
What is the theory of liquidity p...,
Any assets liquidity refers to th...,
According to the theory of liquid...
4  cards
The Influence On Fiscal Poilcy On Aggregate Demand
What is fiscal policy,
What is the multiplier effect,
The positive feedback from demand...
8  cards
The Short-run Tradeoff Between Inflation and Unemployment
What is the phillips curve,
What is short run aggregate suppl...
2  cards

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ECON 202

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