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

Decks in this class (14)

Chapter 29: The Monetary System
Medium of exchange 1,
Unit of account 2,
Store of value 3
24  cards
Chapter 30: Money Growth And Inflation
Nominal variables 1,
Real variables 2,
Classical dichotomy 3
10  cards
Chapter 1: The Principles Of Economics
Economics 1,
Efficiency 2,
Equality 3
16  cards
Chapter 2: Thinking Like An Economist
Production possibilities frontier 1,
Macroeconomics 2,
Positive statements 3
5  cards
Chapter 3: Independence And The Gains From Trade
Absolute advantage 1,
Comparative advantage 2
2  cards
Chapter 4: The Market Forces Of Supply And Demand
Competitive market 1,
Quantity demanded 2,
Law of demand 3
20  cards
Chapter 23: Measuring A Nation's Income
Gross domestic product gdp 1,
Consumption 2,
Investment 3
9  cards
Chapter 24: Measuring The Cost Of Living
Inflation rate 1,
Producer price index 2,
Indexation 3
6  cards
Chapter 25: Production And Growth
Physical capital 1,
Human capital 2,
Natural resources 3
7  cards
Chapter 26: Saving, Investment, And The Financial System
Mutual fund 1,
National saving saving 2,
Private saving 3
9  cards
Chapter 28: Unemployment
Unemployment rate 1,
Labor force participation grade 2,
Natural rate of unemployment 3
14  cards
Chapter 31: Open-Economy Macroeconomics: Basic Concept
Open economy 1,
Exports 2,
Imports 3
25  cards
Chapter 32: A Macroeconomic Theory of the Open Economy
Capital flight 1,
Trade policy 2
2  cards
Chapter 34: The Influence Of Monetary And Fiscal Policy On Aggregate Demand
Fiscal policy 1,
Crowding out effect 2,
Automatic stabilizers 3
4  cards

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AP ECON

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