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Bryce Whitten
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Decks in this class (20)
GDP
Name the four methods of calculat...,
What is gdp,
How is gdp calculated using the v...
15
cards
Economic Growth
What is economic growth,
How is economic growth calculated,
What is long run economic growth
11
cards
Unemployment
To be classified as employed a pe...,
To be classified as unemployed a ...,
What is meant by out of the labou...
19
cards
inflation
Define inflation,
What are the 2 methods of measuri...,
What is the price level
21
cards
Aggregate demand and supply
What do aggregate demand and supp...,
Explain the aggregate demand curv...,
Why is there an inverse relations...
22
cards
the business cycle
What is the business cycle,
What are the parts of a business ...,
With regards to the business cycl...
14
cards
Price Elasticity Of Demand
List determinants of price elasti...,
How do substitutes affect the pri...,
How does time affect the price el...
27
cards
Monetary Policy
How is monetary policy implemented,
What will the impact of contracti...,
What would lead the rba to implem...
39
cards
Week 1
What is scarcity,
Economics is the study of,
Where do economic agents interact...
28
cards
opportunity cost and demand
Economists reason that the optima...,
If the apple iphone and the samsu...,
What is the difference between an...
7
cards
elasticity
The income effect of a price chan...,
Price elasticity of demand measures,
Suppose the value of the price el...
10
cards
firms cost of production
The difference between technology...,
A firm increased its production a...,
What determines a firms cost of p...
34
cards
market power
When does the mc curve intersect ...,
Spreading the overhead is a term for,
Suppose you have just opened a st...
51
cards
oligopolies and game theory
A local electricity generating co...,
One reason patent protection is v...,
One reason why the coffeehouse ma...
29
cards
fiscal policy
Fiscal policy is defined as chang...,
Fiscal policy refers to the,
He largest source of revenue for ...
33
cards
Market forces
What variables influence the dema...,
Explain the income effect,
How does the income effect influe...
18
cards
Areas To Work On For Final Exam
Why does the sras curve shift to ...,
Workers expect the inflation rate...,
An economic contraction begins wi...
37
cards
cost curves, equilibrium, and curve movers in microeconomics
The average total cost falls when,
Why does marginal cost fall when ...,
The intersection occurs because t...
72
cards
aggregate demand and supply and how monetary and fiscal policy can influence them
What is the wealth effect,
Whhat is the interest rate effect,
What is the international trade e...
49
cards
FINAL EXAM
Define absolute advantage,
Define comparative advantage,
How do you calculate gdp
13
cards
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Economic Principles
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