a plan to increase aggregate demand and stimulate the economy
What is expansionary fiscal policy
300
means that a business owner is responsible for all the business' losses and debts
What is unlimited liability
300
Bring buyers and sellers together to exchange goods and services
What is Markets
300
The period of a business cycle during which total production and total employment are increasing.
What is Expansion
300
A plastic card with a credit limit used to purchase goods and services and to obtain cash advances on credit. The cardholder is subsequently billed by the issuer for repayment of the credit extended.
What is Credit Cards
300
government revenue, spending and debt
What is Fiscal
400
-easy to open or close
- few regulations
-freedom and control
-owner keeps profits
What is advantages of sole proprietorship
400
Where and individual, business, or country can produce at a lower opportunity cost than a competitor can
What is Comparative advantage
400
The period of a business cycle during which total production and total employment are decreasing.
What is Recession
400
A card that is used to deduct a purchase amount directly from your checking account instead of drawing on a line of credit; also called "check card"
What is Debit Card
400
states that aggregate demand needs to be stimulated by government action
What is Keynesian economics
500
a share of ownership in a corporation
What is stock
500
VOLUNTARY exchange of goods/services b/w 2 or more parties
What is Trade
500
Alternating periods of economic expansion and economic recession.
What is Business Cycle
500
central banking system of the US - created by the Federal Reserve Act - quasi public system