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Bryan Durham
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Decks in this class (17)
Chapter 1
Economics is considered to be par...,
Define economics,
Define resources
28
cards
Chapter 2
Choices about which goods to buy ...,
True or falsescarcity is often co...,
Define scarcity
48
cards
Chapter 3
Define market with respect to eco...,
Define demand,
State the law of demand
51
cards
Chapter 4
Define the price system,
True or falsethe market system is...,
What is voluntary exchange in an ...
24
cards
Lec/HW Pre Test 1
What are the three general requir...,
How many recessions have there be...,
Are recessions inevitable
56
cards
Chapter 5
What is the major advantage of th...,
In the price system consumers are...,
Give the definition of a market f...
38
cards
Chapter 6
What are the three sources of fun...,
What are the two primary sources ...,
What is the government budget con...
26
cards
Chapter 7
Define unemployment,
What is the labor force participa...,
Define frictional unemployment
40
cards
Chapter 8
Describe the circular flow of inc...,
True or falseprofit is a cost of ...,
Explain why profit is considered ...
56
cards
Lec/HW Pre Test 2
Generally define elasticity,
There is an _____ relationship be...,
If e 1 the price is ______
83
cards
Chapter 10
What is aggregate supply,
Describe the long run aggregate s...,
Define endowments with respect to...
33
cards
Chapter 11
State say s law,
True or falseone implication of s...,
State the assumptions of the clas...
45
cards
Chapter 12
What is real disposable income,
What is the definition of consump...,
What is the difference between sa...
34
cards
Chapter 13
Define fiscal policy,
What are some goals that fiscal p...,
What is the recessionary gap
33
cards
Chapter 15
What are the four functions of money,
What does the term unit of accoun...,
What does the term standard of de...
19
cards
Test 3 HW/Review
The long run aggregate supply cur...,
Why is the long run aggregate sup...,
Which of the following would caus...
22
cards
Final HW Reviews
A proportional tax or flat rate t...,
What is the difference between th...,
What is a proportional tax system
45
cards
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Macroeconomics
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