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Economics Creative Project

Jeremy Jacob
Period 2 
May 18, 2017
inverse relationship between rates of unemployment and corresponding rates of inflation that result in an economy
the total supply of goods and services that firms in a national economy plan on selling during a specific time period
an economic theory about the work gains from trade for individuals, firms, or nations that arise from differences in their factor endowments or technological progress.
he macroeconomic policy laid down by the central bank.
involves a sacrifice that must be made to get a certain product or experience.
a decrease in the general price level of goods and services
a choice is the value of the best alternative forgone where, given limited resources, a choice needs to be made between several mutually exclusive alternatives
the total demand for final goods and services in an economy at a given time.
a representation of the relationship between rates of taxation and the resulting levels of government revenue
a sustained increase in the general price level of goods and services in an economy over a period of time