GDP
Debt
Monopolies
Business Cycles
Supply and Demand
100

These entities are measured using GDP

Countries

100

These financial institutions are major lenders. Examples include Chase & Wells Fargo


Banks

100

Competition is when multiple of these entities offer a product or service to buyers

Businesses, Corporations, Companies, and other obvious equivalents

100

This period is characterized by economic growth, a lower unemployment rate, and good stock market performance

Expansion

100

This is the word for how much an item is wanted

Demand

200

GDP stands for

Gross Domestic Product

200

This is the name for the amount of money you borrow

Principal

200

The first monopoly that the Sherman Antitrust Act broke was this company, whose head was John D Rockefeller

General Oil

200

This era is the most famous example of a contraction in the U.S. economy

Great Depression

200

Supply can go down if

Any of the three answers below is acceptable

Machines break down

Worker Shortage

Manufacturing cost increases

300

This country currently has the 4th highest GDP in the world

Japan

300

Bankruptcy is filed under Chapter 7 or this other chapter where you make set payments to your creditors.

Chapter 13

300

The DOJ sued this company in the 90s for blocking competition but settled out of court

Microsoft

300

During this period, speculative bubbles reach their highest point and economic growth plateaus

Peak

300

If their is low demand and high supply, a product's price will go

down

400

Real GDP is contrasted with this form of GDP that does not adjust for inflation

Normal or Nominal GDP

400

Secured debts are debts backed by assets that go by this name

Collateral

400

At&T was this kind of monopoly

Government-Sanctioned Monopoly

400

This bank is the central bank of the U.S.

Federal Reserve

400

This is the price that consumers and manufacturers agree to meet at for the product

Market Price

500

In the GDP formula C+I+G+(X-M), X stands for

Exports

500

Credit cards are the most common type of this type of debt

Revolving Debt

500

Meta was sued by this federal agency for buying out competition

Federal Trade Comission

500

This type of financial service can be provided as an automatic stabilizer against depressions

Unemployment Insurance


500

Candy, video games, and snacks are all types of these items, whose demand changes a lot if there is a price change

Elastic items