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