Diagrams

Question 1

Micro

Circular flow of income

Answer 1

Question 2

Micro

Perfectly elastic demand

Answer 2

Question 3

Micro

Perfectly inelastic demand

Answer 3

Question 4

Micro

Perfectly elastic supply

Answer 4

Question 5

Micro

Perfectly inelastic supply

Answer 5

Question 6

Micro

Indirect tax

Answer 6

Question 7

Micro

Per-unit subsidy

Answer 7

Question 8

Micro

Price floor

Answer 8

Question 9

Micro

Price ceiling

Answer 9

Question 10

Micro

Perfect competition (HL)

Answer 10

Question 11

Micro

Imperfect competition (HL)

Answer 11

Question 12

Micro

Profit maximization in short-run: Profit-earning firm (HL)

Perfect competition

Answer 12

Question 13

Micro

Profit maximization in short-run: Loss-minimizing firm (HL)

Perfect competition

Answer 13

Question 14

Micro

Profit maximization in short-run: Breaking-even (HL)

Perfect competition

Answer 14

Question 15

Micro

Productive efficiency (HL)

Perfect competition

Answer 15

Question 16

Micro

Profit maximization in long-run: Entry eliminates profits (HL)

Perfect competition

Answer 16

Question 17

Micro

Profit maximization in long-run: Exit eliminates losses (HL)

Perfect competition

Answer 17

Question 18

Micro

Long-run equilibrium (HL)

Perfect competition

Answer 18

Question 19

Micro

Profit maximizing (HL)

Monopoly

Answer 19

Question 20

Micro

Loss minimizing (HL)

Monopoly

Answer 20

Question 21

Micro

Breaking-even (HL)

Monopoly

Answer 21

Question 22

Micro

Profit maximization in short-run (HL)

Monopolistic competition

Answer 22

Question 23

Micro

Profit maximization in long-run: Entry eliminates profits (HL)

Monopolistic competition

Answer 23

Question 24

Micro

Profit maximization in long-run: Exit eliminates losses (HL)

Monopolistic competition

Answer 24

Question 25

# Micro Long-run equilibrium (HL) ## Footnote Monopolistic competition

Answer 25

Question 26

# Micro Non-collusive ## Footnote Oligopoly

Answer 26

Question 27

# Micro Positive externalities of consumption

Answer 27

Question 28

# Micro Positive externalities of production

Answer 28

Question 29

# Micro Negative externalities of production

Answer 29

Question 30

# Micro Negative externalities of consumption

Answer 30

Question 31

# Micro Tradeable permits

Answer 31

Question 32

# Micro Carbon tax

Answer 32

Question 33

# Micro The abuse of monopoly power as a market failure

Answer 33

Question 34

# Macro Macroeconomic circular flow

Answer 34

Question 35

# Macro Business cycle

Answer 35

Question 36

# Macro Short-run equilibrium: Full employment (natural rate of unemployment) ## Footnote AD/AS

Answer 36

Question 37

# Macro Short-run equilibrium: AD decreases (demand-deficient unemployment) ## Footnote AD/AS

Answer 37

Question 38

# Macro Short-run equilibrium: AD increases (demand-pull inflation) ## Footnote AD/AS

Answer 38

Question 39

# Macro Long-run equilibrium: AD decreases ## Footnote AD/AS

Answer 39

Question 40

# Maco Long-run equilibrium: AD increases ## Footnote AD/AS

Answer 40

Question 41

# Macro Negative supply shocks (stagflation/cost-push inflation) ## Footnote AD/AS

Answer 41

Question 42

# Macro Positive supply shocks (economic growth) ## Footnote AD/AS

Answer 42

Question 43

# Macro Long-run economic growth ## Footnote AD/AS

Answer 43

Question 44

# Macro Lorenz curve

Answer 44

Question 45

# Macro Short-run Phillips Curve

Answer 45

Question 46

# Macro Long-run Phillips Curve: High unemployment

Answer 46

Question 47

# Macro Long-run Phillips Curve: Deflation

Answer 47

Question 48

# Macro Spending multiplier ## Footnote AD/AS

Answer 48

Question 49

# Macro Expansionary fiscal policy

Answer 49

Question 50

# Macro Contractionary fiscal policy

Answer 50

Question 51

# Macro Changes in demand for money ## Footnote The Money Market

Answer 51

Question 52

# Macro Changes in the money supply ## Footnote The Money Market

Answer 52

Question 53

# Macro Expansionary monetary policy

Answer 53

Question 54

# Macro Contractionary monetary policy

Answer 54

Question 55

# Macro Expansionary monetary policy (HL) ## Footnote Required Reserve Ratio (RRR)

Answer 55

Question 56

# Macro Contractionary monetary policy (HL) ## Footnote Required Reserve Ratio (RRR)

Answer 56

Question 57

# Macro Supply-side policies

Answer 57

Question 58

# Global Poverty cycle

Answer 58

Question 59

# Global Quota

Answer 59

Question 60

# Global Tariff

Answer 60

Question 61

# Global Appreciation

Answer 61

Question 62

# Global Depreciation

Answer 62

Question 63

# Global J-Curve

Answer 63