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Economics 1
Economics 2
Economics 3
Economics 4
Economics 5
100
What does Finance, Marketing, Operations (Production), Research & Development, Information Systems and Personnel (Human Resources)
What are the functions of business?
100
Gross Domestic Product which has not been adjusted for inflation.
What is the nominal GDP
100
Quick expansion followed by contraction
What is an economic bubble?
100
A significant decline in economic activity
What is a recession?
100
A more severe form of economic contraction
What is a depression?
200
Total Value of Goods and Services produced in the U.S. in a given year.
What is Gross Domestic Product (GDP)
200
Increase in the currency supply as well as prices of goods and services along with lessened ability to purchase the said goods and services.
What is inflation?
200
The change in price paid by urban consumers for a basket of goods and services
What is CPI - Consumer Price Index
200
When the economy is growing
What is expansion?
200
When an economy tops off
What is the peak in the business cycle?
300
The total of income earned in producing output
What is Gross Domestic Income - GDI
300
The ups and downs of business activity
What is the business cycle?
300
teh organization which influences the size and growth of money stock and lowers the interest rates.
What is The Federal Reserve?
300
When the economy is getting smaller
What is contraction?
300
Snapshots into the economy's overall health
What are economic indicators?
400
Growth % = change in amount from one year to the next divided by the earlier year.
What is the economic growth formula.
400
Measures the difference between exports and imports of both tangible goods and services
What is the trade balance?
400
Duration of unemployment, Outstanding loans, change in consumer price index...
What is an example of lagging indicators?
400
When the economy bottoms out
What is trough?
400
Controlling the money supply to influence changes in the economy
What is Monetary Policy?
500
Gross domestic product adjusted for price changes and inflation
What is real GDP?
500
The reduction of the level of prices in an economy
What is deflation?
500
Peaks, contractions, troughs and expansions
What are the components of the business cycle?
500
The use of government sending and taxation to influence the economy
What is fiscal policy?
500
Building permits, new housing units, stock prices, unemployment claims
What are leading economic indicators?