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Jemma Wumine
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Decks in this class (14)
Chapter 29: The Monetary System
Medium of exchange,
Unit of account,
Store of value
24
cards
Chapter 30: Money Growth And Inflation
Nominal variables,
Real variables,
Classical dichotomy
10
cards
Chapter 1: The Principles Of Economics
Economics,
Efficiency,
Equality
16
cards
Chapter 2: Thinking Like An Economist
Production possibilities frontier,
Macroeconomics,
Positve statements
5
cards
Chapter 3: Independence And The Gains From Trade
Absolute advantagethe ability to ...,
Comparative advantage
2
cards
Chapter 4: The Market Forces Of Supply And Demand
Competitive market,
Quantity demanded,
Law of demand
20
cards
Chapter 23: Measuring A Nation's Income
Gross domestic product gdp,
Consumption,
Investment
9
cards
Chapter 24: Measuring The Cost Of Living
Inflation rate,
Producer price index,
Indexation
6
cards
Chapter 25: Production And Growth
Physical capital,
Human capital,
Natural resources
7
cards
Chapter 26: Saving, Investment, And The Financial System
Mutual fund,
National saving saving,
Private saving
9
cards
Chapter 28: Unemployment
Unemployment rate,
Labor force participation grade,
Natural rate of unemployment
14
cards
Chapter 31: Open-Economy Macroeconomics: Basic Concept
Open economy,
Exports,
Imports
25
cards
Chapter 32: A Macroeconomic Theory of the Open Economy
Capital flight,
Trade policy
2
cards
Chapter 34: The Influence Of Monetary And Fiscal Policy On Aggregate Demand
Fiscal policy,
Crowding out effect,
Automatic stabilizers
4
cards
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AP ECON
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