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Macroeconomics 101

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

By: Jay Gwap
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Decks in this class (5)

Chapter 1 Limits, Alternatives, and Choices
Economics is primarily the study ...,
Suppose you have a 20 itunes gift...,
You should decide to study an ext...
10  cards
Chapter 2 The Market System and the Circular Flow
Refer to the following diagram of...,
For a laissez faire system which ...,
The command systems of the soviet...
10  cards
Chapter 3: Demand, Supply, and Market Equilibrium (+ Appendix)
When an economist says that the d...,
When movie ticket prices increase...,
If consumer incomes increase the ...
10  cards
Chapter 4: Market Failures: Public Goods and Externalities
Use the following diagram to answ...,
Suppose two goods x and y are eco...,
Answer the next question on the b...
10  cards
Chapter 5: Government's Role and Government Failure
Governments right to coerce econo...,
Democratic governments face a num...,
The alleged inefficiency of publi...
10  cards

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Macroeconomics 101

  • Class purpose General learning

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