Demand curve shifters Samenvattingen, Aantekeningen en Examens

Movement on Short-Run Phillips Curve CORRECT ANSWER Shift in AD (graph movement is in opposite direction) Shift of Short-Run Phillips Curve CORRECT ANSWER Shift in SRAS (shift is in opposite direction) Factors of Production CORRECT ANSWER 1. Land 2. Labor 3. Capital 4. Technology Shifters of Demand for Loanable Funds CORRECT ANSWER 1. Incentive to Invest 2. Contractionary Fiscal Policy (to the right) Shifters of Supply of Loanable Funds CORRECT ANSWER 1. Incentive to Save 2. Mon...

ECN 211 ASU Final Exam With Questions and Correct Answers Graded A+. The Circular Flow Diagram - ANSWER Green arrows represent the flow of money and red represents to flow of goods/services Production possibilities Frontier/ Curve PPF: PPC - ANSWER The curve shows what is possible within an economy D- impossible A&B - feasible efficient C - feasible & inefficient PPF shifts out when... - ANSWER the economy can produce more of everything Opportunity Cost - ANSWER the cost of what you giv...

ECN 211 ASU Final Exam With Questions and Correct Answers Graded A+. The Circular Flow Diagram - ANSWER Green arrows represent the flow of money and red represents to flow of goods/services Production possibilities Frontier/ Curve PPF: PPC - ANSWER The curve shows what is possible within an economy D- impossible A&B - feasible efficient C - feasible & inefficient PPF shifts out when... - ANSWER the economy can produce more of everything Opportunity Cost - ANSWER the cost of what you giv...

ECN 211 ASU Final Exam Marburger Questions And Answers The Circular Flow Diagram - ANS Green arrows represent the flow of money and red represents to flow of goods/services Production possibilities Frontier/ Curve PPF: PPC - ANS The curve shows what is possible within an economy D- impossible A&B - feasible efficient C - feasible & inefficient PPF shifts out when... - ANS the economy can produce more of everything Opportunity Cost - ANS the cost of what you give up to g...

ECN 211 ASU Final Exam Marburger questions with correct answers The Circular Flow Diagram Correct Answer-Green arrows represent the flow of money and red represents to flow of goods/services Production possibilities Frontier/ Curve PPF: PPC Correct Answer-The curve shows what is possible within an economy D- impossible A&B - feasible efficient C - feasible & inefficient PPF shifts out when... Correct Answer-the economy can produce more of everything Opportunity Cost Correct Answer-t...

AP Macroeconomics May 2024 Exam Review with Answers Movement on Short-Run Phillips Curve - Answer>> Shift in AD (graph movement is in opposite direction) Shift of Short-Run Phillips Curve - Answer>> Shift in SRAS (shift is in opposite direction) Factors of Production - Answer>> 1. Land 2. Labor 3. Capital 4. Technology Shifters of Demand for Loanable Funds - Answer>> 1. Incentive to Invest 2. Contractionary Fiscal Policy (to the right)

ECON 2110 - Clemson: Exam 1 Latest Update Graded A Absolute Advantage The ability to produce a good using fewer inputs than another producer. Comparative Advantage The ability to produce a good at a lower opportunity cost than another producer. Possible It is ( possible/impossible ) for a country to have an absolute advantage in both goods. Impossible It is ( possible/impossible ) for a country to have a comparative advantage in both goods. The inverse of the first good If you have the oppor...

ECON 102 Exam 1 Latest Update 100% Pass Economic Analysis People making decisions economic wat of thinking Choices: Costs and Benefits Performing a certain economic action will increase our well-being if the benefits are greater than the costs (choices are the result of scarcity) Self Interest The pursuit of one's own goals (does not always mean increasing one's wealth; could also include prestige, friendship, love, and feeling good) Rationality Assumption The assumption that people do not ...

AP Macroeconomics Exam Review Questions and Answers A Score 1. Movement on Short-Run Phillips Curve: Shift in AD (graph move opposite direction) 2. Shift of Short-Run Phillips Curve: Shift in SRAS (shift is in oppo 3. Factors of Production: 1. Land 2. Labor 3. Capital 4. Technology 4. Shifters of Demand for Loanable Funds: 1. Incentive to Invest 2. Contractionary Fiscal Policy (to the right) 5. Shifters of Supply of Loanable Funds: 1. Incentive to Save 2. Monetary Policy 3. Expansio...

The Circular Flow Diagram CORRECT ANSWER Green arrows represent the flow of money and red represents to flow of goods/services Production possibilities Frontier/ Curve PPF: PPC CORRECT ANSWER The curve shows what is possible within an economy D- impossible A&B - feasible efficient C - feasible & inefficient PPF shifts out when... CORRECT ANSWER the economy can produce more of everything Opportunity Cost CORRECT ANSWER the cost of what you give up to get something else in terms of tim...