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Flashcards - Interpreting Economic Information

Flashcards - Interpreting Economic Information
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inflation rate
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time
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line graph
In the mathematical discipline of graph theory, the line graph of an undirected graph G is another graph L that represents the adjacencies between edges of G
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bar graph
A bar chart or bar graph is a chart that presents grouped data with rectangular bars with lengths proportional to the values that they represent
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6 cards in set
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bar graph
A bar chart or bar graph is a chart that presents grouped data with rectangular bars with lengths proportional to the values that they represent
line graph
In the mathematical discipline of graph theory, the line graph of an undirected graph G is another graph L that represents the adjacencies between edges of G
inflation rate
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time
Economic efficiency
Economic efficiency is, roughly speaking, a situation in which nothing can be improved without something else being hurt
production possibilities curve
A production–possibility frontier or production possibility curve is a graphical representation of possible combination of two goods with constant resources and technology
Factors of production
In economics, factors of production, resources, or inputs are what is used in the production process to produce output-that is, finished goods and services

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