(7) Goals of the U.S Economy
Different kinds of Unemployment
Economys
Random
Taxes
100
Economic Freedom, Economic Efficiency, Economic Equity, Economic Security, Full Employment, Price Stability, Economic Growth.
What are the (7) Goals of the U.S economy?
100
Unemployment caused by annual changes in the weather or other conditions that prevail at certain times of the year is ?
What is Seasonal Unemployment
100
Where the gov. owns most of the property and means of production.
What is Command Economy ?
100
monetary policy resulting in higher interests.
What is Tight Money Policy.
100
one in which the amount of tax one pays increases.
What is Progressive Tax.
200
When people work they earn income for themselves while the produce goods and services for others is ?
Which is Full Employment.
200
Unemployment cause by workers changing jobs or waiting to go to new ones is ?
What is Frictional Unemployment.
200
where the gov. owns only enough to carry out its limited and defined role.
What is Market Economy
200
monetary policy resulting in lower interests.
What is Easy Money Policy ?
200
is characterized by a less than proportional rise in the relative burden.
What is Regressive Tax.
300
americans desire protections from such adverse economic events as layoffs and illness due to ?
What is Economic Security ?
300
Unemployment directly related to swings in the business cycle is ?
What is Cyclical Unemployment
300
it has alot of perks.
What is Mixed economy.
300
is one that imposes the same relative burden on all taxpayers
What is Proportional Tax.
400
is needed so that people can have more goods and services is?
What is Economic Growth.
400
Unemployment caused by fundamental change in the economy that reduces the demand for some workers is ?
What is Structural Unemployment
400
producers and consumers determine what gets made and for whom.
What is Market Economy
400
Economy in which competition is allowed to flourish with a minimum of gov. interference, term used to describe the American Economy.
What is Free Enterprise System
400
the amount of money owed by the federal government is ?
What is National Debt
500
a high value of freedom to make their own economic decisons.
What is Economic Freedom ?
500
What are the Four different Unemployments ?
What is Seasonal, Frictional, Cyclical, and Structural Unemployment.
500
Three different Economy's ?
What is Market, Mixed, Command Economy.
500
Price Ceiling is ?
What is Maximum legal price that can be charged for a product.
500
how much over budget the U.S. government is year to year.
What is National deflict.
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