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    Fairris, lippit, Mahalingam, DAS, Luis Brunstein, Sarshar, Staff, Miko, alejandro, vic, vic., ozan, bandy, Muralidharan, Ortega Marti, THOMAS, BANDYOPADHYAYT, ALLSTAFF, dongwonlee, khan, sophiafranco, SMITH, D'addona, baerenklau, Gafney, fle, RichardArnott, marks, umanskaya, christafore, russell, AWWWWWW, TODDSORENSEN
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ECON Documents

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ECON Flashcards

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  • 24 terms

    Term:

    money

    Definition:

    the set of assets in an economy that people regularly use to buy goods and services from other people.definition

    • Chapter 16: The Monetary System
    • 24 terms
    • Vocabulary for Chapter 16: The Monetary System. Find, create, and access Economics, flashcards with Course Hero.
  • 20 terms

    Term:

    market

    Definition:

    a group of buyers and sellers of a particular good or service.definition

    • Chapter 4: The Market Forces of Supply and Demand
    • 20 terms
    • Vocabulary for Chapter 4: The Market Forces of Supply and Demand. Find, create, and access Economics, flashcards with Course Hero.
  • 14 terms

    Term:

    labor force

    Definition:

    the total number of workers, including both the employed and the unemployed.definition

    • Chapter 15: Unemployment
    • 14 terms
    • Vocabulary for Chapter 15: Unemployment. Find, create, and access Economics, flashcards with Course Hero.
  • 13 terms

    Term:

    financial system

    Definition:

    the group of institutions in the economy that help to match one person's saving with another person's investments.definition

    • Chapter 13: Saving, Investment, and Financial Systems
    • 13 terms
    • Vocabulary for Chapter 13: Saving, Investment, and Financial Systems. Find, create, and access Economics, flashcards with Course Hero.
  • 12 terms

    Term:

    finance

    Definition:

    the field that studies how people make decisions regarding the allocation of resources over time and the handling of risk.definition

    • Chapter 14: The Basic Tools of Finance
    • 12 terms
    • Vocabulary for Chapter 14: The Basic Tools of Finance. Find, create, and access Economics, flashcards with Course Hero.
  • 10 terms

    Term:

    microeconomics

    Definition:

    the study of how households and firms make decisions and how they interact in markets.definition

    • Chapter 10: Measuring a Nation's Income
    • 10 terms
    • Vocabulary for Chapter 10: Measuring a Nation's Income. Find, create, and access Economics, flashcards with Course Hero.
  • 7 terms

    Term:

    productivity

    Definition:

    the quantity of goods and services produced from each unit of labor input.definition

    • Chapter 12: Production and Growth
    • 7 terms
    • Vocabulary for Chapter 12: Production and Growth. Find, create, and access Economics, flashcards with Course Hero.
  • 6 terms

    Term:

    consumer price index(CPI)

    Definition:

    a measure of the overall cost of the goods and services bought by a typical consumer.definition

    • Chapter 11: Measuring the Cost of Living
    • 6 terms
    • Vocabulary for Chapter 11: Measuring the Cost of Living. Find, create, and access Economics, flashcards with Course Hero.

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