Macroeconomics and Unemployment
Business Cycle
Spending
Inflation and Deflation
Finance
100
What is Macroeconomics?
The view of the economy as a whole.
100
what is peak?
highest point market reaches!
100
What are Business Investments?
Spending by businesses on capital resources.
100
what is deflation?
a decrease in the general price of goods and services in the economy.
100
Give 3 examples of financial institutions.
Banks, Credit Unions, and Insurance Companies.
200
What is unemployment?
People who don't have a job, but are looking for one.
200
what is trough?
the lowest point in a business cycle.
200
What is the Genuine Progress Indicator.
Alternative measure to GDP, that tracks economic growth, by economic well-being, rather than spending.
200
what is inflation?
a sustained increase in the average price of goods and services.
200
What are financial instruments?
A document with monetary value and shows a legal agreement between two or more parties regarding a right to payment of money.
300
What is the formula for Unemployment Rate?
Unemployment Rate= Unemployment / Labor Force x 100
300
what is business cycle?
a period of economic expansion followed by a period of contraction.
300
What is government spending?
Spending by all levels of government on goods and services.
300
what is demand-pull inflation?
inflation resulting from an increase in consumer demand.
300
What are financial markets?
The exchange of capital and credit which helps businesses grow and investors make money.
400
What is Underemployment?
People who have part time jobs, but want full time work.
400
what is contraction?
when growth is not happening.
400
What are net exports?
Foreign spending on U.S. goods - U.S. citizen spending on foreign products.
400
what is cost-push inflation?
inflation resulting in the increase cost of production.
400
What are interest rates?
The charged fee using another person's money or credit. Expressed as a percent over time.
500
Name the four types of unemployment.
Cyclical, Frictional, Seasonal, and Structural.
500
what is lagging economic indicator?
follow or trail changes in over all economic activity.......
500
Give the formula for GDP.
GDP = Consumption + Investment + Government Spending + (Exports - Imports)
500
what is consumer price index?
a measurement used to determine inflation by following the prices of 360 goods.
500
What is the Federal Reserve?
The central bank of the U.S.. Controlling the money supply through monetary policy.
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