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