Please enable JavaScript.

Coggle requires JavaScript to display documents.

Economics (Macro Economics : (Supply and Demand (Shortage When there is…

- - - - Measures the prices of a lot of things to measure inflation
    - - C + I + G + NX: C=Consumer spending. I=Business investments G=Government spending, NX=Net exports
  - - - Monetary Policy
        
        Expansive Policy During Contraction
        
        Contractile Policy During Expansion
        
        The Fed: The organization that controls Americas money.
        
        Keep Unemployment Low
        
        Keep Inflation Low
        
        Dual Mandate
        
        Reserve Requirement
        
        Discount Rate
        
        What Banks Pay For Loans
        
        Open Market Options
        
        Buying Government securities
        
        Paying interest on Access Reserves
        
        New Feature!
    - - Contraction
      - Inferior Goods
      - Marginal Propensity To Consume
        
        How likely someone is to spend their money
      - Unemployment
        
        People who want jobs not having jobs
    - - Expansion
      - Superior Goods
      - Inflation
        
        Prices of Things Rise
  - - - Factors of Production
        
        Labor
        
        People That Need to Build
        
        Capital
        
        Beginning Equipment
        
        Land
        
        Natural Resources
    - - l
      - Price Ceilings: When the government controls how low a price can get.
    - - Equilibrium: When the supply and demand crate the perfect price.
      - Price Floors: When the government controls how low a price can get.
- - - - Unintended Consequence
  - - - Nudges: Small things that influence decisions
      - Choice Architecture: How choices are presented can and will influence your decisions.