Macro
An increase in the average price level of all goods in the economy.
What is inflation?
A law that cuts off imports from and exports to specific countries is called this.
What is an embargo?
Lower interest rates will encourage people to do this.
What is spend more and save less?
Automobile, health, life, disability, and property are all examples of this.
What are types of insurance.
The sharing of risk is known as this.
What is insurance?
A period of business slowdown for less than 6 months is called this.
What is contraction?
Direct government payments to producers of certain goods and services are called this.
What are subsidies?
Future purposes, retirement, and emergencies are all reasons to do this.
What is save?
In order to decrease spending by businesses and consumers, the FED will implement this policy.
What is tight money?
Premiums and deductibles are known as this.
What are costs?
The FED is divided into this many districts.
What is 12?
These are designed to protect domestic industry and jobs.
What are trade barriers?
Checking accounts, savings accounts, debit cards, CD's, cashier's checks, and loans are all offered by this organization.
What is the bank?
Consumers would be more likely to spend money in this type of policy.
What is easy money?
Sharing the responsibility of risk is known as this.
A measure of the average change over time in the price of a fixed group of products is known as this.
What is consumer price index?
The difference between a nation's imported and exported goods is known as this.
How good you are at borrowing money and paying it back is called this.
What is credit?
What the bank charges you when you borrow money is called this.
What is interest charged?
I=PRT is the equation for this.
What is simple interest?
Inflation is measured with this.
What is CPI?
The EU, NAFTA, and ASEAN are all examples of this.
What is a trading block?
Payment history, amounts owed, length of credit history, and types of credit used are all part of this.
What is a credit score?
The ability to produce at a lower opportunity cost is called this.
What is comparative advantage.
FV= P(1+R)^N is the equation for this.
What is compound interest?