Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password

Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Question

Branch of knowledge concerned with production, consumption, and transfer of wealth
click to flip
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know

Question

Study of how individuals and companies make decisions to allocate scarce resources
Remaining cards (26)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Economics Final

QuestionAnswer
Branch of knowledge concerned with production, consumption, and transfer of wealth Economics
Study of how individuals and companies make decisions to allocate scarce resources Microeconomics
Quantity demanded is greater than the quantity supplied at market price Shortage
Where you get your job in the circular flow model Factor Market
Where you buy products in the circular flow model Product Market
Increase in value of the national output, income, and expendature Economic Growth
Who can make more period Absolute Advantage
Who gives up less when producing a certain good Comparative Advantage
Mandated maximum amount a seller is allowed to charge for a product or service Price Ceiling
Result of price ceiling Demand > supplied, shortage
Set minimum purchase cost for a product or service Price Floor
Result of Price Floor Supplied > demand, surplus
Inverse relationship between price and quantity demanded, if price goes up then demand goes down Law of Demand
Direct relationship between supply and price Law of Supply
change in consumption/ change in income MPC
1- mpc MPS
Theory that argues that rising public sectors drive out private investment crowding out effect
1/rr money multiplier
Shows the flow of income through the household sector and the business sector Circular Flow Model
Decreasing the money supply, example increasing taxes Contractionary fiscal policy
Increasing the money supply Expansionary fiscal policy
Shows how the demand and supply of loanable funds affects the real interest rate and the quantity of loandable funds loanable funds graph
Total output aggregate expenditures
Consumption/ Disposable Income APC
Savings/ Disposable income APS
Government intervention in economics is helpful would be said by... Keynes
High inflation, high unemployment, and show economic growth staglfaltion
Created by: vivianbivens13
Popular Economics sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards