Money
Production and trade. Also, an organization which produces and/or trades
What is Buisness
When the supply of something goes up, the price per unit of that thing goes down. When the supply goes down the price goes up.
What is the Law of Supply and Demand
The money a person gets for his work
What is wages
The speed at which money changes hands
What is velocity
Consists partly of coins and bills, but most of it is money deposited in Federal Reserve banks
What is Monetary Base
Coins are really considered this
What is Tokens
This is an increase in teh amount of money
What is inflation
Daily double....producing, buying, or selling something against the wishes of the government.
What is the black market
It's a symptom
Governments have no real what? They have only what they have taken from others
What is wealth
Price increases rising at 10-99 percent per year due to inflation
What is Double-Digit inflation
This is the most easily traded item.
What is money
You use this for tracking the decline of the dollar's value.
What is the Big Max Index
How many stages are there to inflation
daily double..... The shortfall between the government's income and its spending. The shortfall is covered either through borrowing, or creating money
What is deficits
Double Jeopardy.....Which government discovered counterfeiting?
What is the Roman Government
Throughout the centuries only two things have been found that make good money.
What are silver and gold
If people are not allowed to increase their prices or wages during an inflation, they do what?
What is quit working
In this stage of inflation, the money changes hands faster.
What is stage two
During bubbles, the money is flowing freely, investors often develop this
What is a casino mentality
The narrowest measure, coins and paper dollars held by the public (not in the governments vaults)
What is currency
A form of human behavior. The system for producing and distributing wealth.
What is the economy
The wage price spiral is a what?
what is a result not a cause
In some parts of the world, the inflation is usually stopped at which stage?
What is the second stage
This is part of the formula that leads to liberty and economic prosperity
What is economics