Kent Williams
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Economic Final Review

Efficiency

Surplus/shortage

Limited supply

Government decisions

Opportunity cost

Factors of production

Entrepreneur

Law of demand

Normal/inferior

Elastic/inelastic

Reading graphs

Collective bargaining

Job future – type

Diversification

Bond – what is needed to make up a bond?

Types of bonds

Mutual fund

Stock

Equity

Dow Jones

Bull/bear

FICA

Taxes

Deductions

Tax exempt

Discretionary spending

Mandatory spending

State spending

Federal budget

Fiscal Policy

Monetary Policy

Contractionary Policy

Expansionary policy

The Federal Reserve System

Banks

Policy lags

Reserves

Discount Rate

RRR

 

 

 

 

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Sunday
7/27/14
Monday
7/28/14
Tuesday
7/29/14
Wednesday
7/30/14
Thursday
7/31/14
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8/1/14
Saturday
8/2/14
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Kent Williams Locker

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