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Taxes
Employment
Inflation/Money
Business Cycle
Mystery
100
Name one way government collects taxes
One of Three: Sales, Income, Land
100
Someone who doesn't have a job and is looking for work
What is unemployment
100
An increase of Price and a fall in the purchasing value of money
What is Inflation.
100
Expanding, Contraction/Recession, Peak, Trough
What is a Business Cycle
100
An index of variation in prices paid by typical consumers for retail gods and other items
What is Consumer Price Index
200
Tax rates are less when you have a higher income and are more when you have a lower income.
What is Regressive Tax
200
You just graduated from high school and your working for a job is called what type of unemployment?
What is Frictional Unemployment
200
This causes Inflation to go up because of a substantial increase in the cost of important goods or services
What is Cost-Push Inflation
200
When the graph of the business cycle is increasing (going up)
What is expansion
200
Opposite of Inflation
What is Deflation
300
Easy, Efficient, and Equitable
What is a "good tax"
300
You lose your job because Breakers closes for the winter is called what unemployment?
What is seasonal unemployment
300
Inflation increases due to demand increase or an increase in the supply of money.
What is Demand-Pull Inflation
300
Highest point on the business cycle graph
What is a peak
300
The total value of goods and services provided in a country during a year.
What is GDP (Gross Domestic Product)
400
Principle where state taxes should be paid by the people who can afford them
What is Ability to Pay Principle
400
When close to all people able to work are working is called
What is Full-Employment
400
A comparison value of money from one period of time to another after accounting for inflation
What is Real Value of Money
400
Lowest peak on the business cycle graph
What is a Trough
400
A concept of tax fairness that states that people should pay taxes in porportion to the benefits they receive from the government good and services
What is Benefits Received
500
Tax that is a united states payroll (or employment) tax imposed by the federal government
What is the FICA taxes
500
Name all four types of unemployment.
What is Frictional, Structural, Seasonal, and Cyclical Unemployment.
500
A government policy for dealing with the budget
What is Fiscal Policy
500
Another word for contraction.
What is a recession?
500
designed to help promote competition between depository institutions and make it easier for consumers to compare interest rates, fees and terms associated with savings institutions' deposit accounts. Established uniform guidelines for how banks and other financial institutions disclose information about deposit accounts to individuals.
What is Truth and Savings Act