total dollar value of goods/services produced in a country in a year When someone actively looks for a job but can’t find one surplus land labor capital and entrepreneurship peak cyclical absolute advantage Assets minus liabilities/debt structural expansionary fiscal policy when the prices goes up quantity supplied goes up opportunity cost When price goes up quantity demanded goes down Retirement- Emergency Fund-Build Wealth Income before taxes Investing your money in a variety of places expansion You spend more than what you have in your account trough comparative advantage shortage A statement about your credit activity contractionary monetary policy Ownership in a company the components of GDP contractionary fiscal policy contraction/recession increase in the price level of goods/services expansionary monetary policy frictional Income after taxes scarcity equilibrium A number that rates how you manage your debt total dollar value of goods/services produced in a country in a year When someone actively looks for a job but can’t find one surplus land labor capital and entrepreneurship peak cyclical absolute advantage Assets minus liabilities/debt structural expansionary fiscal policy when the prices goes up quantity supplied goes up opportunity cost When price goes up quantity demanded goes down Retirement- Emergency Fund-Build Wealth Income before taxes Investing your money in a variety of places expansion You spend more than what you have in your account trough comparative advantage shortage A statement about your credit activity contractionary monetary policy Ownership in a company the components of GDP contractionary fiscal policy contraction/recession increase in the price level of goods/services expansionary monetary policy frictional Income after taxes scarcity equilibrium A number that rates how you manage your debt
(Print)
total dollar value of goods/services produced in a country in a year
When someone actively looks for a job but can’t find one
surplus
land labor capital and entrepreneurship
peak
cyclical
absolute advantage
Assets minus liabilities/debt
structural
expansionary fiscal policy
when the prices goes up quantity supplied goes up
opportunity cost
When price goes up quantity demanded goes down
Retirement-Emergency Fund-Build Wealth
Income before taxes
Investing your money in a variety of places
expansion
You spend more than what you have in your account
trough
comparative advantage
shortage
A statement about your credit activity
contractionary monetary policy
Ownership in a company
the components of GDP
contractionary fiscal policy
contraction/recession
increase in the price level of goods/services
expansionary monetary policy
frictional
Income after taxes
scarcity
equilibrium
A number that rates how you manage your debt
