macro econ Flashcards

1

Joe moves around from town to town to find work. He's a

2

The main source of revenue for the government is

3

Which policy would be used to address inflation?

4

Keynes thought the way to improve the economy during a recession was to

5

The BEST way to see if a country is developed or developing is to look at

6

Which of these measures inflation?

7

When I buy gas, the price includes a hidden tax. This is called a(n)

8

For years, the US refused to trade with Cuba. This is called a

9

What do the EU, the WTO, and NAFTA all have in common?

10

According to the graph below, point C is in a phase of

macro econ