BUS 200 EXAM 1 QUESTIONS WITH CORRECT ANSWERS

When the fed wants to slow down the growth rate of the economy what do they do?


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higher interest rates




M


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money supply




Monetary policy

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policy controlled around the world by the central banks




Trade deficit


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if imports greater than exports




one quarter is how long?


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3 months




Equilibrium


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the system is at rest




nominal GDP


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, 6%




Inferior good


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good that when your income goes up you consume less of it




Demand keywords


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consumers people buyers individuals




Supply keywords


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Sellers firms suppliers companies




In the university of miami example what is an example of capital?


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