Popular Posts
-
Factors of Production Factors of Production - Land, Labor, Capital and Entrepreneurship Land - Includes any natural resources used ...
-
Basic Concepts of Economics 1. Macroeconomics - The study of the economy as a whole. Microeconomics - The study of factors and ...
-
Supply and Demand Demand (An example of a Demand Schedule and Demand Curve) Demand - The quantity’s that people are willing and a...
-
In the short run: the Phillips curve represents a trade-off between inflation and unemployment As inflation increases, unemployment decrea...
-
The buying and selling of currency Ex: in order to purchase souvenirs in France, it is first necessary for Americans to sell their Dolla...
-
Measure of money inflows and outflows between the United States and the Rest of the World Inflows are referred to as CREDITS Outflows ar...
-
This will be the first to come of many handwritten AP Macroeconomics notes that will be worth 1 semester of notes starting from January 3, 2...
-
Money Why do we use it? What would happen if we didn't use money? The Barter System - Goods and services are traded directly; no m...
-
Automatic or built in Stabilizers - Anything that increases the gov's budget deficit during a recession and increases it's budget s...
-
Comparative Advantage I. Specialization - Individuals and countries can be made better off if they will produce in what they have ...
