Chapter 6 - Supply, Demand, and Government Policies

0.0(0)
studied byStudied by 0 people
linked notesView linked note
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/5

flashcard set

Earn XP

Description and Tags

Macroeconomics

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

6 Terms

1
New cards
Elasticity
________ measures the willingness of buyers or sellers to leave the market when conditions become unfavorable.
2
New cards
Landlords
________ adjust rent but are still under the ceiling policy that was intended to help the poor by making housing more affordable.
3
New cards
minimum wage
The ________ raises the income of those who have jobs but lowers the incomes of those who can not find jobs.
4
New cards
supply of labor
The ________ is much less elastic than the demand.
5
New cards
quality of labor
The ________ supplied exceeds the quantity demanded and this results in unemployment.
6
New cards
tax burden
A(n) ________ falls more heavily on the side of the market that is less elastic.