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Economics (Recession and Responses to Recession (Animal Spirits - metaphor…
Economics
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Basics Of Economics
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Diminishing Marginal Utility - when you use something so much that it loses utility ex. drinking coffee for the first time of the day will wake you up more then your fifth cup
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Production Possibilities - What products you can produce with the factors of production that you currently have
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Financial Info
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Consumer Financial Protection Bureau - government org to make sure there isn't anything shady going on and that there are no bad practices that will mess anyone up
Price Theory
Demand - amount needed
Law of Demand - at lower prices, people choose to buy more
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Normal vs inferior goods - normal good is a good you will always buy where an inferior good is when you get more money you dont need it anymore
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