Miscellaneous Quiz / EHS Econ 2016

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What (if anything) do you remember from AP Econ?

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HintAnswer
Utility of the Last Unit Consumed
the Fraction of an Additional Dollar of Disposable Income that Would Be Spent on Consumption
Factors of Production
the Difference Between the Price and the Consumer's Willingness to Pay
Nominal Interest Rate
the Law Stating the Decrease in Marginal Utility When Consumption Increases
the Fraction of an Additional Dollar of Disposable Income that is Saved
Marginal Revenue Product
a Good for Which Demand Increases As Income Increase
Costs that Have Already Been Paid for and can't be Recovered
Profit Maximizing Rule for PC firms
the Difference Between the Price and the Seller's Cost
a Combination of High Inflation and a Decrease in GDP
When the Quantity Demanded Isn't Affected by a Change in Price
Deliberate Government Actions to Affect the Economy
A Good that is Nonrival and Nonexcludable in Consumption
the Percentage of the Work Force Currently Jobless and Searching for a Job
Profit Maximizing Rule for Imperfect Competition
an Event that Causes the Supply and Demand Curves in an AS-AD Model to Move in the Same Direction
FED Actions
HintAnswer
the Sum of Frictional and Structural Unemployment
a Good whose Demand Increases As Income Decreases
a Tax that Rises More than in Proportion to Income
a Market With One Buyer
Government Taxing and Spending Policy
Allocative Efficiency
Buying and Selling of US Bonds by the Fed
the Sum of Fixed and Variable Costs
Fluctuations in Economic Activity
Having the Lower Opportunity Cost
When Each Customer is Charged His/Her Willingness to Pay
the Curve Showing the Relationship Between Unemployment and Inflation
the Next Best Option
Benefits or Costs that Affect Parties Uninvolved With a Transaction
a Market With One Seller
Policy to Shift the AD Curve Left
When a Currency Decreases in Value Compared to Another
a Minimum Market Price Above Equilibrium
A Game-Theory Strategy that is Preferable No Matter the Other Player's Actions
A Large Number of Firms that Produce Identical Products

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