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Principles of Macroeconomics

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

By: Heather Kwolek
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Decks in this class (10)

Chapter 1 - Ten Principles of Economics
Economics,
Scarcity,
Efficiency
19  cards
Chapter 2 - Thinking Like an Economist
Production possibilities frontier,
Circular flow diagram,
Microeconomics
6  cards
Chapter 3 - Interdependence and the Gains From Trade
Opportunity cost,
Absolute advantage,
Comparative advantage
5  cards
Chapter 4 - The Market Forces of Supply and Demand
Competitive market,
Market,
Quantity demanded
20  cards
Chapter 5 - Measuring a Nation's Income
Consumption,
Gross domestic product gdp,
Investment
8  cards
Chapter 6 - Measuring the Cost of Living
Inflation rate,
Consumer price index cpi,
Producer price index
6  cards
Chapter 8 - Saving, Investment, and the Financial System
Financial markets,
Financial system,
Bond
13  cards
Chapter 10 - Unemployment
Unemployment rate,
Labor force,
Labor force participation rate
14  cards
Chapter 11 - The Monetary System
Medium of exchange,
Money,
Unit of account
25  cards
Chapter 13 - Open-Economy Macroeconomics: Basic Concepts
Open economy,
Closed economy,
Exports
15  cards

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Principles of Macroeconomics

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