Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

BEC 1001 > Macro-Econ > Flashcards

Macro-Econ Flashcards

1
Q

Positive GDP gap

A

measure of difference between potential GDP & real GDP

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Potential GDP

A

Max production of final goods and services that is possible in economy w/o putting upward pressure on general level of price

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Marginal propensity to consumer

A

Change in spending / change in income

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

BEC 1001 (5 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions