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ECON 205 - Principles of Macroeconomics

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

By: Geoff Hull
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Decks in this class (8)

Chapter 1 - Basic Economics Concepts
5 key elements of a market economy,
What roles do prices play in a ma...,
Financial crises
24  cards
Chapter 2 - Observing and Explaining the Economy
The 3 steps to explain economic t...,
Economic variable,
Two variables are said to be ____...
16  cards
The Supply and Demand Model
Why does the demand curve slope d...,
Why does the supply curve slope u...,
What is the difference between a ...
9  cards
Chapter 4 -Subtleties of the Supply and Demand Model
Elasticity,
2 types of price controls,
Price control
18  cards
Chapter 5 - Macroeconomics: The Big Picture
The behavior of real gdp in the u...,
Recession,
Depression
15  cards
Chapter 6 - Measuring Production, Spending and Income of Nations
Gdp,
Final good,
Intermediate good
27  cards
Chapter 7 - The Spending Allocation Model
When a factor other than the real...,
An _______ relationship exists be...,
When real interest rates rise fir...
11  cards
Chapter 8 - Unemployment & Employment
Unemployed,
Labor force,
Working age population
10  cards

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ECON 205 - Principles of Macroeconomics

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