Macroeconomics Word Scramble
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| Term | Definition |
| Quantity Supplied | What is the amount of a goo that sellers are willing and able to sell? |
| Law of Supply | The claim that, other things equal, the quantity supplied of a good rises when the price of the goo rises |
| Quantity Demand | The amount of a good that the buyers are willing and able to purchase |
| Law of Demand | The claim that, other things equal, the quantity demand of a good falls when the price of the good rises |
| Equilibrium | A situation in which the market price has reached the level at which quantity supplied equals quantity demanded |
| Law of Supply and Demand | The claim that the price of any good adjusts to bring the quantity supplied and the quantity demanded for that good into balance |
| Shortage | A situation in which quantity demand is greater than quantity supplied |
| Surplus | A situation in which quantity supplied is greater than quantity demanded |
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