Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't know (0)
Remaining cards (0)
Know (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Economics 201 Ch 4

Principles of Economics Ch 4

Three macroeconomic goals that societies wish to achieve are: 1. Price level stability 2. Full employment 3. Economic growth
Inflation An increase in the price.
The price level in the economy is measured by constructing a? Price Index
Nominal Value/(Nominal Price Index / Price Index Adjusted to) Real Value
Basic economic problem. Scarcity
Basic goal in dealing with the problem of scarcity. To produce as much consumer satisfaction as possible with the limited resources available.
The goal for unemployment rate is to achieve... Full employment (or natural unemployment)
Those 16 years old or older are classified into one of three categories: 1. Employed 2. Unemployed 3. Not in the labor force
Employed Those with paying jobs.
Unemployed Those without paying jobs who are actively seeking employment.
Labor Force = Employed + Unemployed
Unemployment Rate = Unemployed / Labor Force
Three types of unemployment: 1. Frictional unemployment 2. Structural unemployment 3. Cyclical unemployment
Frictional Unemployment Time required to match workers with jobs.
Structural Unemployment Workers do not have the skills required in the available jobs.
Natural Unemployment Rate The lowest unemployment rate can be sustained without causing inflation.
Cyclical Unemployment Downturns in the business cycle.
Technological Advance Ability to produce more output per resource.
Created by: dengler



Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards