Vocab
100
What is a certificate representing a promise to pay a definite amount of money at a stated interest rate on a specific due date?
Bond
200
What is a financial situation that occurs when a government spends more than it takes in?
Budget deficit
300
What is a financial situation that occurs when a government spends less than it takes in?
Budget Surplus
400
What is a movement of the economy from one condition to another & back again? It has 4 phases including prosperity, recession, depression, & recovery.
Business Cycle
500
What is a spending by businesses for items such as land, buildings, equipment, & new products?
Capital Projects
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