[Dreamer1257]

(Original post by danny111)
Frictional Unemployment - unemployment due to job search times between jobs

Trough:employment, prices, and output are at bottom level

[Dreamer1257]

(Original post by franzk)
Recession - 2 quarters (6 months) of negative growth

Oppurtunity Cost: the alternative use with the highest value of resources

[Patriot Rich]

Supply - Goods and services being provided by participants in the market

[Dreamer1257]

(Original post by Patriot Rich)
Supply - Goods and services being provided by participants in the market

Liabilities: debts owed by a firm, household, or gov't.

[rm22]

Supply side policies

[King James]

Satisficing - when a firm balances out all of its objectives in an attempt to keep all stakeholders happy

OR

Economies of Scale - Long-run falling average costs

which ever one is right

[Dreamer1257]

Laissez-Faire: (18th cent., I know) 'to allow to do'; when the gov't has no say in the economy with the exception of being a consumer of private firms' commodoties.

[Tudball]

Reserve ratio.

[Dreamer1257]

Inflation: increase of prices/goods/services

[rm22]

Natural Monopoly

[Dreamer1257]

Liquidity: when an asset is able to be converted into money

[tooambitious]

tax

[franzk]

Aggregate Supply - Total output of good and services in an economy

[TheGirlNextDoor]

(Original post by franzk)
Aggregate Supply - Total output of good and services in an economy

Longevity - One of the factors measured when calculating HDI.

[jazrizq]

True Cost Economics - An economic model that includes the cost of negative externalities into the pricing of goods and services.

[TheGirlNextDoor]

Consumer Price Index - A measure of inflation.

[nju]

Equilibrium - state of balance with no incentive to change

[TheProdigy2k9]

Utility - level of enjoyment an individual gets from choosing from a combination of goods

[TheGirlNextDoor]

Trade - The exchange of goods/services.

[Dreamer1257]

Democratic Mixed Capitalism: foundation of multiparties democracy and various types of capitalist ownerships