GETTING PAID
This is what you earn for the hours you work
WAGE
This is the full name for "The Fed"
THE FEDERAL RESERVE
the business cycle has this many stage
6 (peak, trough, recession, depression, recovery, & expansion)
4
in this type of inflation, more people wanting a product causes the price to increase
This is a flat fee you make no matter how much you work
SALARY
The fed controls inflation by controlling these...
INTEREST RATES
The top of the business cycle is called this
THE PEAK
JEA is this type of market structure (be specific)
natural/government monopoly
This is the group in charge of controlling inflation
THE FEDERAL RESERVE
This is the name for when companies steal from their employees
WAGE THEFT
The closest federal reserve bank is in this city (Think southern region)
ATLANTA
The bottom of the business cycle is called this
TROUGH
in this market structure, all goods are exactly the same
The cost of gas increasing leads to this type of inflation
COST/PUSH INFLATION
On a check, YTD stands for...
YEAR TO DATE
The first federal reserve bank was located in this city
PHILADELPHIA
The economy is growing in these two stages of the business cycle
expansion, recovery
In this type of market structure, all goods are similar but not the same
MONOPOLISTIC COMPETITION
This is the term for when inflation occurs too quickly
HYPER INFLATION
This is the term for the money you take home after all your deductions are taken from your check
NET PAY
7%
the economy is shrinking in these two stages of the business cycle
recession, depression
AT&T, VERIZON, & T-MOBILE are all this type of market structure
oligopoly
Inflation occurs during which stages of the business cycle (4)
recession, depression, expansion, recovery