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Macro

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

By: Daniel Baron
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Decks in this class (13)

Chapter 1: Limits, Alternatives, and Choices Notes
Wh,
What is the economic perspective,
Why is scarcity important in econ...
20  cards
Chapter 2: The Market System and the Circular Flow
What is laissez faire capitalism,
What is a command system,
What is the market system
57  cards
Chapter 3: Demand, Supply, and Market Equilibrium
What is a market,
Name two examples of everyday con...,
What are stock exchanges
29  cards
Chapter 4: Market Failures Caused by Externalities and Asymmetric Information Summary
What is market efficiency,
What are the conditions for econo...,
Define total surplus
15  cards
Chapter 5 Public Goods, Public Choice, and Government Failure Summary
What are public goods,
What is free riding,
What are the characteristics of p...
29  cards
Chapter 6 An Introduction to Macroeconomics
What are the two main areas of fo...,
What are the three primary econom...,
Why is real gdp important
54  cards
Chapter 7: Measuring Domestic Output and National Income
What is the purpose of national i...,
Which agency compiles the us nati...,
What does gross domestic product ...
86  cards
Chapter 8: Economic Growth
What are the two definitions of e...,
What is the definition real gdp p...,
How do you calculate real gdp per...
92  cards
Chapter 9: Business Cycles, Unemployment, and Inflation
What is the average annual growth...,
Name the four phases of the busin...,
What is the cyclical pattern of a...
70  cards
CHAPTER 10 Basic Macroeconomic Relationships*
What is the relationship between ...,
How is personal saving defined,
What is the significance of the 4...
71  cards
CHAPTER 11 The Aggregate Expenditures Model
What was keynes primary goal in d...,
What is the key assumption of the...,
Why did keynes assume prices were...
98  cards
Chapter 12: Chapter 12 Aggregate Demand and Aggregate Supply
What is the ad as model,
Define aggregate demand,
Why does the aggregate demand cur...
49  cards
CHAPTER 13 Fiscal Policy, Deficits, and Debt
What is fiscal policy,
What is the difference between di...,
What is the role of the president...
77  cards

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Macro

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