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Unemployment
Monetary policy
Miscellaneous
Business cycle
Fiscal policy
100
Frictional unemployment
When workers are between jobs
100
The buying and selling of treasury securities by the fed
What is open market operation
100
When economy is in contraction for two consecutive quarters
What is recession
100
Trough
What is the low point of the economy called?
200
Structural employment
Changes in the structure of the Work place change the need for workers
200
The amount of money bank must keep on hand and not loan out
What is reserve requirement
200
The federal reserve
What is the central bank of the United States
200
Peak
What is the top of the business cycle called
200
1. Price stability2. Full unemployment 3. Economic growth
What does the federal government try to promote when changing fiscal policy
300
Unemployment
What’s is it called when someone who doesn’t have a job and they are actively looking for one
300
Discount rate
What is the interest rates that banks get charges to borrow money from the fed
300
Depression
What is a severe long term recession
300
Contraction
What is it called when the economy starts going down
300
Taxing and spending decisions made by the federal government
What is fiscal policy
400
Seasonal unemployment
What is called when someone loses their job due to the lack of business because is the season of the year
400
Maximum employment, stable prices, and long term interest rates
What are the three goals of Monterey policy
400
12
How many district banks are in the U.S.
400
When the economy is growing
What is expansion
400
Congress
Who proposes all taxing and spending choices
500
Unemployment directly related to swings in the business cycle
What is cyclical unemployment
500
If banks keep money at the fed, the fed will pay then interest for these deposits
What is interest on reserves
500
Washington D.C.
Where is the board of governors located
500
Recovery
What is the growth after a less prosperous period of time called
500
Increase taxes
What action is the government most likely to take if concerned with inflation