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Macroeconomics (key terms)

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

By: Thang Le
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Decks in this class (14)

Chapter 1 : Ten Principles of Economics
Scarcity 1,
Economics 2,
Efficiency 3
31  cards
Chapter 2 : Thinking Like an Economist
2 roles an economist can play 1,
Scientific method observation the...,
Economic models are used to ____ 3
17  cards
Chapter 23 : Measuring a Nation’s Income
Total income 1,
Total expenditure 2,
Gross domestic product gdp 3
32  cards
Chapter 24 : Measuring the Cost of Living
Consumer price index 1,
Inflation rate 2,
Basket of goods and services 3
19  cards
Chapter 25: Production and Growth
Real gdp per person 1,
Growth rate 2,
Physical capital k 3
23  cards
Chapter 26: Saving, Investment, and the Financial System
Financial system 1,
Financial markets 2,
A financial intermediaries 3
40  cards
Chapter 28: Unemployment and Its Natural Rate
Labor force 1,
Unemployment rate 2,
Labor force participation rate 3
22  cards
Chapter 29: The Monetary System
Barter 1,
Money 2,
Medium of exchange 3
34  cards
Chapter 30: Money Growth and Inflation
Inflation 1,
Deflation 2,
Hyperinflation 3
17  cards
Chapter 31: Open-Economy Macroeconomics: Basic Concepts
Closed economy 1,
Open economy 2,
Exports 3
17  cards
Chapter 32: A Macroeconomic Theory of the Open Economy
Twin deficits 1,
Trade policy 2,
Tariff 3
5  cards
Chapter 33: Aggregate Demand and Aggregate Supply
Recession 1,
Depression 2,
The business cycle 3
10  cards
Chapter 34: The Influence of Monetary and Fiscal Policy on Aggregate Demand
0  cards
Chapter 35: The Short-Run Tradeoff between Inflation and Unemployment
0  cards

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Macroeconomics (key terms)

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