taxes
this type of tax is based on a tiered system...make more pay more
progressive
what is the full employment percentage?
4-6%
this is a steady rise in prices
inflation
this is the total amount of need/wants of goods/services in a country
aggregate demand
What is the boy's name in Toy Story?
Andy
this is the single greatest source of income for the federal government
individual income tax
This type of unemployment is a person who is jumping from one job to another
frictional
GDP stands for
gross domestic product
this is the total amount of goods/services produced in a country
aggregate supply
What is the bird's name in the Lion King?
Zazu
tax on the sale of goods/services
sales tax
This type of unemployment happens when technology replaces humans
structural
this type of GDP has been adjusted for inflation while this type has not
real, nominal
this policy is created and written by the president and congress
fiscal policy
In order to have his power, Maui needs his....
Hook
this type of tax is based on paying a % of income
proportional
this type of unemployment rings the alarm bells for the government
cyclical
this is an economic measure of spending per person in a country
this policy is created and written by the federal reserve
monetary policy
what is the name of the turtle in finding Nemo?
Crush
this is a tax on goods deemed negative or bad by the government
excise tax
what is the formula to calculate the unemployment percentage?
unemployed / CLF (civilian labor force)
this is a rapid rise in prices
hyperinflation
these are the four parts of the business cycle
expansion, peak, contraction, and trough
Who is Peter Pan's rival?
Captain Hook