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MGMT 101

Chapter 3

QuestionAnswer
Economics
Microeconomics
Demand
Supply
Demand Curve
Supply Curve
Equilibrium Price
Macroeconomics
Pure Competition
Monopolistic competition
Oligopoly
Monopoly
Regulated Monopolies
Planned Economy
Socialism
Communism
Mixed Market Economies
Privatization
Recession
Productivity
Gross Domestic Product (GDP)
Inflation
Core Inflation Rate
Hyperinflation
Deflation
Consumer Price Index (CPI)
Unemployment Rate
Frictional Unemployment
Seasonal Unemployment
Cyclical Unemployment
Structural Unemployment
Monetary Policy
Expansionary Monetary Policy
Restrictive Monetary Policy
Fiscal Policy
Budget
Budget Deficit
National Debt
Budget Surplus
Balanced Budget
Created by: bjcj1001
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