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Micro/Macroeconomics

Micro vs Macroeconomics Supply/Demand

QuestionAnswer
microeconomics industrial organization
microeconomics labor
microeconomics agriculture
microeconomics public utilities
microeconomics regulations
microeconomics information industries
macroeconomics monetary system
macroeconomics demand for money
macroeconomics investments
macroeconomics inventories
macroeconomics economic development
macroeconomics business fluctuations
supply up increased prices
supply up demand lessens
supply down decreased prices
supply down demand increases
capitalism capital
capitalism risk-taking
capitalism increased opportunities
GNP Gross Natinal Product
macroeconomics Adam Smith
macroeconomics John Maynard Keynes
microeconomics More analythical study of specific parts of economics
monetarism prevent too much money chasing too few goods, must be steady money in supply.
keynesians market does not automatically function a full-employment
keynesians low-inflation level
keynesians government must create the right level of demand
mercantilism England-1800
mercantilism at a time of limited resources, gov. responsible for securing them.
merchantilism idea is to sell more to your neighbors than they sell to you
Keynesians John Maynard Keynes
Laissez Faire gov. does not interfere with economic affairs
Laissez Faire leads to unrestricted private enterprise
Capitalism land and businesses are privately owned
Capitalism Individuals, not gov. have economic control
Created by: kmalone
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