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Part time for economic reasons – People with a job who work less than 35 hours per week but are looking for full time work, but cannot f...
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Below are common terms in economics beginning with A: Above full-employment equilibrium – When real GDP equilibrium is higher than pot...
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X-Axis – On a Cartesian coordinate system, the X axis is the horizontal line where a variable can be plotted. X-intercept – The poin...
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Game theory – The tool that economists use to study strategic behavior. This type of behavior recognizes the mutual independence of th...
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Use paypal to donate to freeeconhelp.com, thanks! If you have solved a question or gone over a concept and would like it to be freely...
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Updated August of 2018 to include more information and examples. Previous posts have gone over the description and construction of the p... -
M1 (transactions money) – Money that can be used directly to conduct transactions, such as currency, traveler’s checks, and checkable de...
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Unconstrained supply of labor – The amount a household would like to work within a given time period at the current wage rate if it was ...
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Y-Axis – On a Cartesian coordinate system, the Y axis is the vertical line where a variable can be plotted. Y- Intercept – The point...
