Supply and Demand
A country has a greater _____ when they spend more money
What is supply?
When the US exports more than it imports goods and services
What is a trade surplus
The legal tender used in a country
What is currency?
The term used for a person willing to work but not working
What is unemployment
These are changed due to inflation.
What are Price levels?
This happens to a country when they have more of their currency demanded.
What is currency appreciation?
When Japan builds a car factory in China
What is foreign investment
The object or product that a legal tender or barter is exchanged for
What is a good?
The term used for people in between jobs
What is frictional unemployment?
This rate changes the Nominal Interest Rate is 9% when the Real Interest Rate 7% and
What is 2%
This increases aggregate demand
What is GDP
When the US imports more than it exports goods and services
What is a trade deficit ?
An agreement between a lender and borrower where the borrower agrees to pay the lender back (usually with interest)
What is credit?
The term used for workers that need to learn a new skill to get a job
What is structural unemployment
Deflation often leads to this
What is a recession?
This is shifted by Resource prices, change in productivity, and changes by the government
What is supply
Branch of U.S. government govt authority to make trade policy
What is Congress
When you exchange goods for other goods or a service.
What is barter?
The term used for laid of workers during a recession
what is cyclical unemployment?
The inflation rate that over 30 years if a toyota cost in 1990 was cost $20,000, while in 2020 it cost $30,000
What is 50%
Net Exports shift this
What is (aggregate) demand
A tax on distribution certain goods and services
What is a tarrif
What you lose when you spend money on a good or service
What is opportunity cost?
This graph is used to show unemployment
What is the phillips curve?
Inflation is increased mostly by this
What is GDP?