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Dougall Grade 12 Economics Review

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Score 0/85 Timer 10:00
HintAnswer
Can Shift Demand
 
 
 
 
 
 
Can Shift Supply
 
 
 
Decides elasticity
 
 
 
Factors that change the exchange rate
 
 
 
 
Factors that shift the MS
 
 
 
Factors that shift the AD
 
 
 
 
HintAnswer
 
Factors that Shift the SAS AND LAS
 
 
 
Factor that shifts SAS ONLY
 
Name the Theoriest
Supply Side Economics
Monetary Policy
Fiscal Policy
Classical Economics 1
Classical Economics 2
Formula's
Real Interest = Nominal - ?
GDP Deflator = ? / Real * 100
CPI = Current / ? * 100
Unemployed + Employed =
Labour Force/Adult Population * 100 =
 
Types of Unemployment
Natural 1
Natural 2
Unnatural
Fill in the blank
theory explaining why economy is broken
rent control is an example of this
minimum wage is an example of this
above equilibrium price you will have this
HintAnswer
below equilibrium price you will have this
negative inflation
inflation above 10%
slope of the AE line
1/reserve ratio =
MPC + MPS =
Organization that controls Oil (write in full)
Organization that gives loans (write in full)
Other name for LAS
Types of Taxes
Taxed same % of income
Rich are taxes a higher % of income
Poor are taxes a higher % of income
 
Tax is straight from payee to government
Tax is given to a 3rd party before govenerment
Treating all people equal
Treating all people equitable
Trade Barriers
Set number
DO NOT TRADE
Give money to local companies
Tax on products brought in for personal use
Tax on products brought in for resale
All having one culture
 
 

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