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  • 58 terms

    Term:

    command economy

    Definition:

    economy in which the government either makes the most economic decisions itself or at least strongly influences how the decisions are made

    • Macroeconomics Midterm 1
    • 58 terms
    • Vocabulary for Macroeconomics Midterm 1. Find, create, and access Economics, Macroeconomics, Opportunity Cost, average useful life, flashcards with Course Hero.
  • 14 terms

    Term:

    price in the labor market

    Definition:

    refers to wage per unit of time such as real wage per hour or salary

    • Macroeconomics Midterm 2 - Chapter 8
    • 14 terms
    • Vocabulary for Macroeconomics Midterm 2 - Chapter 8. Find, create, and access Economics, Supply And Demand, 4 week, 15 hours, flashcards with Course Hero.

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