M/F EI and BC
M/F EI and BC
Trade
Taxes
100
Sets monetary policy
Who is the Fed
100
A steady rise in price over time
What is inflation
100
If a country produces something more efficiently that another, that country has a
What is absolute advantage
100
Largest source of revenue for the federal government
What is personal income tax
200
A series of periods of expanding and contracting economic activity
What is the business cycle
200
A migrant worker unemployed during winter months
What is seasonal unemployment
200
Type of tax used to influence economic behavior
What is a tax incentive
300
Highest point of the business cycle
What is a peak
300
If Congress creates federal jobs so workers can spend more, this is an example of..
What is fiscal policy
300
Social Security check is an example of this
What is a transfer payment
400
An extended period of high unemployment and limited business activity
What is a recession
400
This process happens when banks loan out money
What is money creation
400
tax rate increases as income increases
What is progressive tax
500
The effect of this is the decreasing value of the dollar
What is inflation
500
The Fed buys bonds, decreases the reserve rate, and decreases the discount rate during a ...
What is contraction
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