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Macroeconomics (1-2)

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

By: Noah Alvizo
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Decks in this class (13)

Chapter 1
Economy comes from meaning 1,
Define scarcity 2,
Examples of unlimited wants and l...
44  cards
Chapter 3
Define market 1,
Define quantity demanded 2,
Define demand 3
30  cards
Ch 17 - Output & Income 1
Define gdp gross domestic product 1,
What s final goods services 2,
What income approach gdp 3
44  cards
Ch 17 - Outcome & Income 2
Expenditures approach v income ap...,
Incomes divided in 2 categories 2,
Define income approach 3
31  cards
Ch 21 - Aggregate Demand & Supply
What does the aggregate demand ad...,
Why does ad curve slope downward 2,
What happens to ad when the price...
45  cards
Questions from Ch 21
Assume the economy is operating a...,
If the ad curve shifts left on a ...,
If the as curve shifts right on a...
24  cards
Questions (Fiscal Policy)
Goal of contractionary fiscal pol...,
An appropriate fiscal policy for ...,
A economy w a mpc of 075 the gov ...
15  cards
Ch 23 - Money
Primary function of money 1,
3 main functions of money 2,
What is a medium of exchange 3
15  cards
Questions (Monetary Policy)
An increase in the money supply w...,
The cause and effect chain of con...,
Jan has 60 000 in gov bonds she w...
14  cards
Exam prep
3 characters of money 1,
Unit of account means 2,
Medium of exchange means 3
10  cards
Exam Prep 2.0
Assume that the economy is in a r...,
Assume that the full employment l...,
Blank 3
10  cards
CH 19
Define business cycle 1,
Define peak 2,
Define recession 3
24  cards
FINAL REVIEW
A recurring theme in economics is...,
Which of the following is a land ...,
The law of demand states that all...
41  cards

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Macroeconomics (1-2)

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