Government
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This is any item or verifiable record that is generally accepted as payment for goods and services.
What is Money?
This is a general increase in the prices of goods and services in an economy.
What is inflation?
This is the global electronic marketplace for trading international currencies and currency derivatives.
What is FOREX?
This is a system of production and consumption that determines how resources are allocated among all of its participants.
What is the Economy?
This is the central bank of the United States.
What is the Federal Reserve?
This is the total amount of money that the federal government owes to its debt holder.
What is National Debt?
This is the value of what you lost.
What is opportunity cost?
This is the trading goods or services between two or more parties without the use of money.
This is being a consumer.
What is my role in the Economy?
These are state banks operated under a state charter and national banks operated under charter from the Federal government.
What are Commercial Banks?
This is the use of government revenue collection and expenditure to influence a country's economy.
What is Fiscal Policy?
This is a change in consumers' tastes and preferences in favor of a commodity will shift the demand curve to this direction.
What is to the right?
This is a calculation of the difference between the goods and services Americans sell to foreigners and the goods and services that Americans purchase from foreigners.
What is a trade deficit?
This is the total dollar value of all final goods and services produced in a given country, where it is physically produced.
What is GDP?
This is a way of transferring money from one account to another and they can easily be converted into liquid cash.
What is Checking Accounts?
This increases the supply of money and credit to generate economic growth.
What is Expansionary Monetary Policy?
This measures the average change in prices paid by consumers over a period of time for a basket of goods and services.
What is CPI?
This is Absolute Advantage/Comparative Advantage & Exports/Imports.
This is land, labor, and entrepreneurial ability.
What are Factors of Production?
This is the buying and selling of securities or bonds and this is the most important control of the Fed.
What is Open Market Operations?
In this type of economy, a central authority makes the decisions for the people.
What is a Command Economy?
This is the portion of each extra dollar of a household's income that is saved or consumed.
What is MPC/MPS?
This is when businesses estimate the useful life of their capital goods and allocate the total cost of such goods more or less evenly over the life of the machine.
What is depreciation of Fixed Capital?
This is when someone believes that the economy needs to be guided because problems don’t solve themselves on a reasonable timeline.
What is Keynesian Economics?
This is the central bank regulations that set the minimum amount that a commercial bank must hold in liquid assets.
What is a Reserve Ratio?