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AP Contemporary Macroeconomics

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

By: Sarah Ajao
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Decks in this class (11)

Circular Flow
What helps the resources and good...,
What payment do households reciev...,
What are the economic resources 3
20  cards
Gross Domestic Product
What is gross domestic product gd...,
What does gdp measure 2,
What is total market value 3
21  cards
Unemployment
What does unemployment represent 1,
What does bls stand for 2,
Define employed 3
19  cards
Inflation
Define inflation 1,
As prices rise what happens to th...,
What does a 2 annual inflation ra...
18  cards
There Is No Such Thing As Free Lunch
What is scarcity 1,
What does scarcity prohibit 2,
What is choice 3
10  cards
PPF Segment 1
What is the economic frontier 1,
What does ppf stand for and what ...,
Define frontier 3
8  cards
PPF Segment 2
What does a point inside the fron...,
What does a movement from a point...,
If the economy is operating at a ...
15  cards
PPF Segment 3
As you ______ production of one g...,
Anytime you move from one point t...,
In reality what is the frontier l...
6  cards
Demand
If scientists discover that eatin...,
On a demand graph which axes will...,
What will an increase in the pric...
9  cards
Supply
Sugar is an input used to produce...,
On a supply graph which axes are ...,
What does the law of supply state 3
9  cards
Equilibrium
What does a decrease in the suppl...,
What does a decrease in the deman...,
What occurs at market equilibrium 3
9  cards

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AP Contemporary Macroeconomics

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