So demanding
________ always goes down
Demand
Trade and interdependence on the way things have been done
Traditional Economy
The first phase of the business cycle
Expansion
The central bank of the US
The Fed
This Musician and Professional Athlete just got engaged sparking worldwide reactions
________ always goes up
Supply
Government controls everything
Command Economy
second phase of the business cycle
Peak
Congress and the President can change this policy
Fiscal Policy
Legendary NFL coach makes his return at the University of North Carolina
Bill Belichick
If demand is increasing which way does it shift?
Right
The free market dictates how things are bought and sold
Market economy
Third phase of the business cycle
Contraction
The Feds goals
Stable Prices and Maximum employment
A line of collectible plush toys created by Hong Kong illustrator Kasing Lung.
Labubu
When there is too much or too little of a product
Shortage and Surplus
A combination of a market and command economy
Mixed Economy
Forth phase of the business cycle
Trough
Two tools to Fiscal Policy
Taxation and Spending
You may be Team Conrad or Team Jeremiah, but this show sparked new interest with its most recent season
The Summer I Turned Pretty
The most ideal place for a supply and demand curve to be
Equilibrium
Government controls key industries while others are free to do as they please but with high taxes.
When a recession lasts over an extended period of time
Depression
The Fed will raise this to reduce inflation
Federal Funds Rates
The Mascot for Appalachian State University
The Mountaineer (Yosef)