the process by which rising productivity increases the average standard of living
What is long-run economic growth?
100
The system of financial markets and financial intermediaries through which firms acquire funds from households
What is the financial system?
100
A (conceptual) interaction of borrowers and lenders determining the market interest rate and the quantity of loanable funds exchanged
What is the market for loanable funds?
100
phases of rising are known as _________
What is expansion?
100
Held at gunpoint in Paris mansion and robbed of millions
Who is Kim Kardashian?
200
The amount of production in the economy, per person, adjusted for changes in the price level
What is real GDP per capita?
200
A document (sometimes electronic) stating the terms under which funds pass from the buyer of the security to the seller.
What is a financial security?
200
The stated interest rate on a loan.
What is the nominal interest rate?
200
the periods of falling are known as _______
What is a recession?
200
$185 million civil settlement for restitution and fines after admitting that employees had opened more than 2 million accounts that may or may not have been authorized by customers.
What is Wells Fargo?
300
As our lifespan grows, we can spend more time on ________.
What is leisure?
300
A financial security representing partial ownership of a firm.
What is a stock?
300
Corrects the nominal rate for the effect of inflation and is equal to the nominal interest rate minus the inflation rate.
What is the real interest rate?
300
The period of recession starting in late 2007 and ending in mid 2009 was the longest and most severe since ___ _____ __________
What is The Great Depression?
300
Last night was the first loss of the season for this team.
What are the New England Patriots?
400
The quantity of goods and services that can be produced by one worker or by one hour of work
What is labor productivity?
400
A financial security promising to repay a fixed amount of funds.
What is a bond?
400
Determined by the willingness of firms to borrow money to engage in new investment projects.
What is the demand for loanable funds?
400
Goods that are expected to last for three or more years.
What is durables?
400
overheating batteries and catching fire
What is the samsung galaxy note 7?
500
The level of real GDP attained when all firms are operating at capacity
What is Potential GDP?
500
Firms, such as banks, mutual funds, pension funds, and insurance companies, that borrow funds from savers and lend them to borrowers
What is financial intermediaries?
500
Determined by the willingness of households to save and by the extent of government saving or dissalving.
What is the supply of loanable funds?
500
The percentage increase in the price level from one year to the next