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AP Contemporary Macroeconomics

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

By: Sarah Ajao
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Decks in this class (11)

Circular Flow
What helps the resources and good...,
What payment do households reciev...,
What are the economic resources
20  cards
Gross Domestic Product
What is gross domestic product gd...,
What does gdp measure,
What is total market value
21  cards
Unemployment
What does unemployment represent,
What does bls stand for,
Define employed
19  cards
Inflation
When can businesses and consumers...,
As prices rise what happens to th...,
What does a 2 annual inflation ra...
18  cards
There Is No Such Thing As Free Lunch
What is scarcity,
What does scarcity prohibit,
What is choice
10  cards
PPF Segment 1
What is the economic frontier,
What does ppf stand for and what ...,
Define frontier
8  cards
PPF Segment 2
What does a point inside the fron...,
What does a movement from a point...,
When would an economy possibly pr...
15  cards
PPF Segment 3
As you _______ production of one ...,
Anytime you move from one point t...,
In reality what is the frontier line
6  cards
Demand
If scientists discover that eatin...,
On a demand graph which axes will...,
What will an increase in the pric...
9  cards
Supply
Sugar is an input used to produce...,
On a supply graph which axes are ...,
What does the law of supply state
9  cards
Equilibrium
What does a decrease in the suppl...,
What does a decrease in the deman...,
What occurs at market equilibrium
9  cards

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AP Contemporary Macroeconomics

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