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Blen Daniel
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Decks in this class (40)
2.4: Price Indices and Inflation
What is inflation,
Is inflation good or bad,
What is deflation
14
cards
2.3 : Unemployment
Unemployment,
The unemployment rate,
Who is in the labor force
17
cards
2.2 Limitations Of GDP
Non market transactions,
What is the acronym to remember g...,
Population
7
cards
2.1 Circular Flow Model & GDP
The product market,
The resource factor market,
What are the inputs and outputs o...
49
cards
1.6: Market Equilibrium, Disequilibrium, & Changes In Equilibrium
Equilibrium,
Surplus,
Shortage
8
cards
1.5: Supply
Supply,
Law of supply,
5 shifters of supply
3
cards
1.4: Demand
Demand,
Law of demand,
The substitution effect
3
cards
2.5 Cost Of Inflation
Who are hurt by inflation,
Who is helped by inflation unanti...,
Nominal wage
7
cards
2.6:Real v. Nominal GDP
Nominal gdp,
Real gdp,
What is better in measuring actua...
13
cards
2.7: Business Cycle
The business cycle,
Peak,
What comes after a peak
9
cards
3.1: Aggregate Demand
Aggregate,
Aggregate demand,
What is the relationship b tw pri...
8
cards
3.2: Multipliers
The multiplier effect,
If gov spends 5 million will ad i...,
Marginal prosperity to consume mpc
7
cards
3.3: Short Run Aggregate Supply (SRAS)
Aggregate supply,
Short run aggregate supply,
Long run aggregate supply
7
cards
3.4: Long Run Aggregate Supply (LRAS)
Fghf,
What doesn t change in the long run,
What is an assumption made about ...
4
cards
3.5: Equilibrium in the AD-AS
Fgh,
What are the 3 places the economy...,
What does the actual gdp equal to
4
cards
3.6: Changes in the AD-AS Model
Stagflation,
What happens to the price level a...,
Causes of inflation 1
4
cards
3.7: Long Run Self Adjustment
What happens in the short run whe...,
What happens in the long run when...,
If consumer spending decreases wh...
6
cards
3.8: Fiscal Policy
What is the most important part o...,
Autonomous consumption,
What is consumer spending made up of
15
cards
3.9: Automatic Stabilizers
How does the income tax brackets ...,
Transfer payments are an example ...
2
cards
4.1: Financial Assets
Why is there a financial sector,
Financial sector,
Assets
17
cards
4.2:
Is 50 interest rate good,
Nominal interest rate,
Real interest rates
3
cards
4.3: Definition, Measurement, and Functions Of Money
The barter system,
What are the problems of the bart...,
Money
17
cards
4.4: Banking & The Expansion Of The Money Supply
Fractional reserve banking,
Money multiplier,
Demand deposits
10
cards
4.5: The Money Market
What are the different reasons pe...,
What is the opportunity cost of h...,
What is the relationship between ...
8
cards
4.6: Monetary Policy
What are the shifters of the mone...,
Reserve requirement,
If the fed decreases the require ...
15
cards
4.7: The Loanable Funds Market
What type of interest does borrow...,
Loanable funds market,
What is the relationship b tw int...
24
cards
4.6 Part 2: The Reserve Market Amplfied And Limited Reserves
How money is a bank required to h...,
What does a bank look like with l...,
What do banks look like with ampl...
15
cards
5.1: Fiscal & Monetary Policy Action In The Short Run
Are fiscal and monetary policy wo...,
What combination of fiscal and mo...,
Which of the following combinatio...
5
cards
5.2: The Phillips Curve
What does the phillips curve show,
What is the inflation and unemplo...,
What is the inflation and unemplo...
13
cards
5.3: Money Growth & Inflation
Velocity of money,
Quantity theory of money,
What does p x y equal
16
cards
5.4: Government Deficits and National Debt
What s the tradeoff of increasing...,
Budget deficit,
Budget surplus
6
cards
5.5: Crowding Out
Assume the gov increases deficit ...,
Why did the total number of loans...,
In the long run an increase in re...
6
cards
5.6: Economic Growth
What do economists use to measure...,
Why isn t nominal gdp a good way ...,
Why isn t real gdp good to measur...
10
cards
5.7: Public Policy & Economic Growth
What happens to the aggregate pro...,
What gov policies most likely res...,
Supply side fiscal policy
5
cards
6.1: Balance of Payments and Accounts
Balance of trade,
Trade surplus,
Trade deficit
25
cards
6.2: Exchange Rates
Exchange rate,
For all national transaction ther...,
What currency do countries must p...
8
cards
6.3: The Foreign Exchange Market
Demand for dollars,
Who supplies dollars,
Supply of dollars
16
cards
6.4: Effects of Changes in Policies and Economic Conditions on the Foreign Exchange Market
What would cause changes in the f...,
What will happen to the peso if e...,
What will happen to pesos is mexi...
6
cards
6.5: Changes in the Foreign Exchange Market & Net Export
What is the relationship b tw net...,
What is the relationship b tw net...
2
cards
6.6: Real Interest Rates & International Capital Flow
What happens to the value of the ...,
What happens when savings increase,
What happens when investment incr...
3
cards
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AP Macro
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