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No Jobs
Business Cycle
FED
Money in 'Murica
Fiscal Policy
100
The percentage of people who do not have jobs, but are actively looking for work.
What is Unemployment?
100
A prosperous time with high production and low unemployment.
What is the peak?
100
Belief that saving money will allow people to buy goods and services later on
What is Store of Value?
100
The amount of money banks must keep on hand (not loan out)
What is the Reserve Requirement?
100
Changes fiscal policy in order to promote Price Stability, Full Employment, Economic Growth
What is the Federal Government?
200
New technology that does not require workers or changes in demand cause less workers.
What is Structural Unemployment?
200
Growth after a less prosperous period.
What is recovery?
200
The central bank of the united states
What is The Federal Reserve?
200
The Federal Reserve’s actions, as the central bank, to achieve maximum employment, stable prices and moderate, long-term interest rates
What is Monetary Policy?
200
Increasing taxes and decreasing spending is when i government is concerned about this
What is Inflation?
300
"College graduates trying to find a job"
What is Frictional Unemployment?
300
Fall in production, rising interest rates, and declining profits.
What is contraction?
300
This is made up of seven members of the Board of Governers and 12 District Bank Presidents.
What is the Federal Open Market Committee?
300
Banks buy treasury bonds from the Federal Government in exchange for the Government paying them back later with interest.
What is Open Market Operations?
300
This is the total amount of money owed by the Federal Government
What is the National Debt?
400
Rock City after Christmas
What is Seasonal Unemployment?
400
High Unemployment with low economic production and falling stock prices.
What is a trough?
400
Those appointed by the President and approved by Congress, located in Washington D.C.
Who are the Board of Governors?
400
If banks keep money at the Fed, the Fed will pay them interest for these deposits
What is interest on reserves?
400
Congress proposes all taxing and spending choices and the President signs them into law
What is Fiscal Policy?
500
When a recession is going on, you have more people unemployed than you do during peak times.
What is Cyclical Unemployment?
500
A time when the economy is in contraction for two consecutive quarters
What is Recession?
500
People know how much things cost and can compare the prices using a standard measure.
What is Unit of Account?
500
Controls how much money is in circulation at a given time.
What is The Federal Reserve?
500
Each year the government writes a budget outlining their taxing and spending decisions
What is Government Deficit?