This class was created by Brainscape user Kit Kate. Visit their profile to learn more about the creator.
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Kit Kate
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Decks in this class (12)
Aggregate Demand and Aggregate Supply
What is the business cycle 1,
What is the expansion phase 2,
What is the contraction phase 3
52
cards
GDP, Unemployment and Inflation
What is gdp 1,
Where is gdp used 2,
How does gdp measure production 3
24
cards
Money and Monetary Policy
What is money 1,
What is the relationship between ...,
What are the functions of money 3
38
cards
The Fiscal Policy
What is fiscal policy 1,
What are the two main tools of fi...,
What is expansionary fiscal policy 3
37
cards
Choices and Trade Offs
What is economics 1,
What is scarcity 2,
What is a trade off 3
27
cards
Supply and Demand
What is quantity demanded 1,
What is a demand schedule 2,
What is a demand curve 3
36
cards
Elasticity
What is elasticity in economics 1,
What is the formula for price ela...,
Why is ped usually negative 3
23
cards
Government Intervention in the market
What is consumer surplus 1,
What is producer surplus 2,
Define marginal benefit 3
22
cards
Firms Production and costs
What is a firm 1,
What is the primary goal of a firm 2,
How do you calculate economic pro...
30
cards
Perfect Competition and Monopoly
What factors determine the type o...,
What are the two extreme market s...,
What are the key assumptions of p...
30
cards
Monopolistic Competition and Oligopoly
Why does the demand curve slope d...,
What are the key characteristics ...,
What are the key characteristics ...
19
cards
The Exchange Rate and International Trade
What are exports and imports 1,
What is a tariff and how does it ...,
What is free trade and what are i...
24
cards
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Principles of Economics
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