1. Warm up 5/28/13 final review
What shows the quantities of products demanded at each price by all consumers in a market?
What type of policy does the FED use to counteract a contraction?
The resources used to make all goods and services are the?

2. Warm up 5/29/13 Final review
Compared with the expenditure approach to calculating GDP, the income approach is what?
How would you describe an economy that uses its resources to make the greatest possible number of goods and services?
What is a company’s total revenue?

3. Warm up 5/30/13 Final review
What is a way the Federal Reserve Bank serves the government?
In what kind of economy does the government make all the decisions?
Why are all goods and services scarce?

4. Warm up 5/31/13 final review
1.What is the struggle among various producers for the consumer’s business called?
What is the purpose of competition?
What is the definition of an oligopoly?