Hatmaker/Male Economics Review

All of these are factors of production EXCEPT

The demand curve has what type of relationship

The fact that we have unlimited wants but limited resources is an example of

A mortgage that is below the rate set by the Fed and is dangerous is called a

Monetary Policy deals with the Fed

The Fed can affect the economy by

The bottom, lowest point of a recession before recovery

All of these are part of the circular flow of income EXCEPT

Something that lets us know the state of the economy is a(n)

The way the government can affect the economy through taxes and spending

The type of economy where no money is exchanged and things are based on trade and barter

When supply of a good can not meet the demand for it the economy has a(n)

The economic system where there is private ownership and a redistribution of wealth

The Unemployment rate refers to

Gross Domestic Product measures

Economics is the study

The point when all of the goods and services are sold at a certain price, supply meets demand

This type of economy is where the government owns the means of production and makes 5yr plans

The demand curve has which type of relationship

The Fed can influence the eonomey by

The type of tax where the less you make the more you are taxed

When the economy hits a downturn, GDP is down, Unemployment and inflation rise

"lasiez faire" means

A tax that charges you more, the more money you make is a

When Demand for a good increases

When our country will not trade with another in order to punish them

There is no such thing as a free lunch refers to which phenomenon

All of the following are economic indicators EXCEPT

the type of economy where there is private ownership but the government still has control

When an industry makes more product than they can sell they have a __ and they will most likely

The Federal Reserve Bank can affect the economy by