Macro Economics Flashcards

Decks in this Class (31):

• Chapter 1

  Chapter 1

  Sample Cards:

  during the 19th century the great abu...,

  under president eisenhower we had how...,

  the decade that had the most stagflation
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• Chapter 2

  Chapter 2

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  our economy would be operating at ful...,

  we would not need economize if what h...,

  human wants are what
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• Chapter 4

  Chapter 4

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  as prices declined quantity demand go...,

  an increase in supply means that the ...,

  a decrease in demand means that quali...
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• Chapter 5

  Chapter 5

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  which of these relations is correct a...,

  very low levels of disposable income ...,

  what happens at very low levels of di...
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• Chapter 3

  Chapter 3

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  in a pure s economy what to produce i...,

  under capitalism the role of the gove...,

  which economic system is usually asso...
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• Chapter 6

  Chapter 6

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  a corporation is owned by whom,

  which one of these would not constitu...,

  to build up our capital we need to
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• Chapter 7

  Chapter 7

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  the role of government has grown trem...,

  true or false state and local government,

  what is the largest source of federal...
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• Chapter 8

  Chapter 8

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  statement one the euro has largely re...,

  between 1990 and 2007 our trade deficit,

  we run a trade on goods and a trade o...
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• Chapter 9

  Chapter 9

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  into thousand and seven the gdp in th...,

  the net domestic product is usually p...,

  the largest item amount among these l...
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• Chapter 10

  Chapter 10

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  junior ozark dressed for a job interv...,

  troughs occur,

  the recovery phase of the business cycle
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• Chapter 14

  Chapter 14

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  the members of the board of governors...,

  a women in duluth minnesota bought ti...,

  which statement is true athe chairman of
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• Chapter 16

  Chapter 16

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  most of the worlds population lives in,

  the first industrial revolution,

  compared to 1870 the average worker t...
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• Chapter 11

  Chapter 11

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  our economy is always tending towards...,

  at equilibrium gdp,

  laissez faire economics was advocated by
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• Chapter 12

  Chapter 12

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  there is a recessionary gap win,

  over the last four decades we have had,

  which statement is true about automat...
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• Chapter 13

  Chapter 13

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  the concept of the liquidity trap was...,

  which is true,

  people tend to hold more money as
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• Chapter 17

  Chapter 17

  Sample Cards:

  the law of demand holds,

  when we go from one demand curve to a...,

  changes in demand are caused by each ...
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• Chapter 18

  Chapter 18

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  an elasticity of 2 would be considered,

  a demand curve that is perfectly hori...,

  if demand is elastic and the price is...
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• Chapter 19

  Chapter 19

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  as you more and more of an item your ...,

  which of these is true,

  a person would be maximizing her tota...
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• Chapter 20

  Chapter 20

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  in the short run the atc curve is abo...,

  as outpout rises,

  if fixed cost is 5000 and at an outpu...
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• Chapter 21

  Chapter 21

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  a firm produces at that output at whi...,

  a consultant has advised consolidated...,

  to find the output at which the firm ...
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• Chapter 25

  Chapter 25

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  the high water mark of antitrust enfo...,

  the clayton act prohibited,

  the rule of reason originated in the
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• Chapter 26

  Chapter 26

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  the demand for goos and services is c...,

  which statement is true a a change in...,

  the additional revenue obtained by se...
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• Chapter 22

  Chapter 22

  Sample Cards:

  which statement is false 1 a a monopo...,

  which statement is false 2 a the mono...,

  which statement is true 1a all monool...
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• Chapter 23

  Chapter 23

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  a monopolistically competitive indust...,

  which statement is true 1 a the monop...,

  price discrimination
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• Chapter 24

  Chapter 24

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  the concentration ration is the perce...,

  the tobacco healthcare wholesale and ...,

  ________ is are legal in the united s...
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• Chapter 27

  Chapter 27

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  labor unions did not become tradition...,

  the predecessor to the afl was the,

  the national labor relations act or w...
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• Chapter 28

  Chapter 28

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  today a college graduate earns about ...,

  which statement is true a american ma...,

  which statement is false a the substi...
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• Chapter 29

  Chapter 29

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  in general a plot of land goes to,

  the supply of land is,

  who wanted to tax away all rent from ...
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• Chapter 30

  Chapter 30

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  traditionally blacks have earned abou...,

  women working full time earn about __...,

  each of the following has contributed to
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• Chapter31

  Chapter31

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  the reason us workers were better pai...,

  which statement is false a compared t...,

  if germany can make compact cars more...
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• Chapter 32

  Chapter 32

  Sample Cards:

  as the dollar is devaluated,

  ove the last decade foreigners have been,

  in 2007 we had a current account_____...
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