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Money Matter A Unit 2

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Term
Definition
produce   show
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incentives   show
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price ceiling   show
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show a minimum allowed price for a good or service  
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show goods that are necessities  
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show goods that are desired, but not needed  
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show how much the quantity of a good demanded when the price changes  
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positive incentives   show
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show these discourage demand  
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show having more than is needed  
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show not having enough of something  
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influence   show
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show the point where supply and demand meet and prices are set  
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coordinate   show
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show an economic law stating that the quantity suppled increases as prices rise and drops as prices fall  
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law of demand   show
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show provides data for an entire market  
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supply curve   show
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demand curve   show
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show when prices or quantity moves away from the equilibrium point  
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show a gradual, steady increase in prices of goods and services  
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show a gradual, steady increase in prices combined with unemployment and low demand  
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consumer price index   show
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show an exponential rise in prices of good  
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recession   show
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recovery   show
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depression   show
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show a model of economic change that shows a pattern of growth and decline  
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macroeconomics   show
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aggregate   show
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show a subdivision within an economy  
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gross domestic product   show
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show per person  
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off set   show
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show a market that has a single supplier of a good or service  
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Created by: dmcbrownell
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