March 23, 2018 

AmosWEB means Economics with a Touch of Whimsy!

AmosWEBWEB*pediaGLOSS*aramaECON*worldCLASS*portalQUIZ*tasticPED GuideXtra CrediteTutorA*PLS
GOLD CERTIFICATE: Paper currency issued by the U. S. Treasury from the civil war until 1933 that could be exchanged for an equal value of gold. Gold certificates were used as part of a gold standard. With the exception of collectors, gold certificates have long been out of circulation, replaced first by silver certificates, then in the past few decades by Federal Reserve notes.

Visit the GLOSS*arama

Most Viewed (Number) Visit the WEB*pedia

Lesson 8: Market Shocks | Unit 5: Cause and Effect Page: 19 of 20

Topic: Link Sequence <=PAGE BACK | PAGE NEXT=>

The sequence of the cause and effect links is an essential element in economic analysis.

Six steps for market adjustment:

  • First, a determinant change always starts the process.
  • Second, the determinant change causes a shift in either the demand or the supply curve.
  • Third, the shift in the curve causes market disequilibrium, either a shortage or surplus.
  • Fourth, the disequilibrium causes the price to change.
  • Fifth, the price change causes a change in quantity demanded and quantity supplied.
  • Sixth, changes in quantity demand and supplied cause the market equilibrium to be restored.

Course Home | Lesson Menu | Page Back | Page Next


The logical fallacy of arguing that something is "correct" or "true" because a majority of the population thinks so. This is commonly used by both advertisers and politicians. Just because something is popular, does not mean it is "right." In fact, a cynic might argue that being popular probably makes it "wrong."

Complete Entry | Visit the WEB*pedia


[What's This?]

Today, you are likely to spend a great deal of time browsing through a long list of dot com websites trying to buy either a T-shirt commemorating the 2000 Olympics or a genuine fake plastic Tiffany lamp. Be on the lookout for cardboard boxes.
Your Complete Scope

This isn't me! What am I?

The earliest known use of paper currency was about 1270 in China during the rule of Kubla Khan.
"It is not the straining for great things that is most effective; it is the doing of the little things, the common duties, a little better and better."

-- Elizabeth Stuart Phelps, Writer

Bureau of Labor Statistics
A PEDestrian's Guide
Xtra Credit
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.

User Feedback

| AmosWEB | WEB*pedia | GLOSS*arama | ECON*world | CLASS*portal | QUIZ*tastic | PED Guide | Xtra Credit | eTutor | A*PLS |
| About Us | Terms of Use | Privacy Statement |

Thanks for visiting AmosWEB
Copyright ©2000-2018 AmosWEB*LLC
Send comments or questions to: WebMaster