Economics Unit Review Define Economics Define Commodities. Define Macroeconomics. Define Microeconomics. List 2 nations with nominal GDP (in 2014) of 5000 Billion US Dollars. Define Market Economy. Define Planned Economy. Define Mixed Economy. Economic resources are...
Evaluate the end of the Gold Standard in the U.S.
Research the history of Fiat money with particular emphasis on its fate in U.S. History. Create notes on notebook paper to document your research.
One tool governments use to influence the economy is described as adjusting the supply of money in an economy. Identify the term so described. One tool governments use to influence the economy is described as adjusting government taxation and spending in an economy....
You will work in your group to design a board game reinforcing the concepts we’ve learned in our Economics Unit (Gross Domestic Product, Factors of Production, Money). Group Spreadsheet Link