Econ 20 - Study guides, Class notes & Summaries

This is a 31 page extremely effiecient summary of the entire microeconomics course (Econ 202). This document includes key terms, graphs, pictures, quiz practice questions and basic teaching that will have you ready for any microeconomics test. Each term is explained simply so that anyone can learn and understand it. If you need to get through your micro class this is exactly the document that you need.

ECON 203 Chapter 9-13 Introduction to Macroeconomics study guide exam update (Concordia University)

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Multiplier effect CORRECT ANSWER The increase in consumer spending that occurs when spending by one person causes others to spend more too Disposable income CORRECT ANSWER Income left after paying taxes -consumption is based on the amount of disposable income -people usually consume part of their disposable income and save the rest MPC CORRECT ANSWER Marginal propensity to consume -the amount consumption increases when disposable income increases by $1 -the MPC is a number between 0 an...

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