Chaoter 9 - Market Disequilibrium Flashcards
1
Q
Profit Curve
A
This shows the real wage paid when firms choose their profit maximising-price. The corresponding level of profit reveries by the omers depends on how much competition there is in the economy.
2
Q
Order Book
A
A record of limit orders placed by buyers and sellers, but not yet fulfilled.
3
Q
Asset Price Bubble
A
Sustained and significant rise in the piece of an asset fuelled by expectations of future price increases.
4
Q
Fundamental Value Of A Share
A
A measure of the benefit today of holding the asset now and in the future.
5
Q
Positive Feedback
A
A process whereby some initial change sets in motion a process that magnified the initial change.
