economics third test review
#1. What is the basic definition of inflation? - General rise in the price level #2. What does a "market basket" refer to? - a standard set of goods and services commonly purchased by consumers us...
Devalon_N_Burk|2 years ago|±0|16 views
Economics second test review
#1. What is positive externality? - When an under allocation (not enough produced) of resources provides a benefit spillover to a third party or parties. (education, healthcare, flu shot #2. What...
Devalon_N_Burk|3 years ago|±0|21 views
Macroeconomics Test 2
#1. The Multiplier Effect - Represented by k, is the phenomenon whereby each additional $1 that enters an economy creates more than $1 in income. The larger the z (marginal propensity to spend), ...
bluecloud8756|6 years ago|±0|128 views
economics fourth test review
#1. what is expansionary fiscal policy? - when the government expands the money supply in the economy. It uses budgetary tools to either increase spending or cut taxes #2. what does a budget defici...
Devalon_N_Burk|2 years ago|±0|28 views
Into to Economics
These are notecards for chapters 1-4 for the economics textbook.
mckayleebug|6 years ago|+1|881 views
#1. Interest - The price paid for the use of money. #2. Transactions demand for money #3. Asset Demand for Money #4. Open-Market Operations #5. Reserve Ration
valerie4789|9 years ago|±0|614 views