Shared Flashcard Set

Details

Title

EXAM 2

Description

Chapters 4 - 7

Total Cards

Subject

Economics

Level

Graduate

Created

10/25/2009

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Additional Economics Flashcards

Term

MACROECONOMICS

Definition

THE STUDY OF THE OPERATION OF THE E AS A WHOLE

Term

EMP ACT OF 1964

Definition

LEGIS GIVING FED GOVT RIGHT/RESPONSIBILITY TO PROVIDE AN ENV FOR ACHIEVEMENT OF FULL EMP, FULL PRODUCTION, STABLE PRICES

Term

3 GOALS OF MACROE

Definition

1. FULL EMPLOYMENT
2. STABLE PRICES
3. FULL PRODUCTION & ECONOMIC GROWTH

Term

3 PROBLEMS OF MACROE

Definition

1. UNEMPLOYMENT
2. INFLATION
3. FALLING PRODUCTION