inflation
what is inflation
an increase in goods.
What are taxes?
The money that people and businesses pay to the government
What is a job?
Its what unemployed people are looking for
What is government spending?
What the government uses to pay for services, programs, and infrastructure.
What is a stock?
It is a type of investment that represents ownership in a company.
what causes inflation
an increase in demand which rises production cost
What is income tax?
This tax is taken from your paycheck based on how much you earn.
What is a discouraged worker?
someone gives up looking for a job
What is the deficit?
Cutting spending or raising taxes
What is a bull market?
This term refers to a period when stock prices are generally rising.
What is the opposite of inflation?
Deflation
What is a pay stub (or W-2 form)?
It shows how much tax was taken out of your paycheck.
What is unemployment money?
When the government helps the unemployed
What is infrastructure?
What the government builds and maintains like roads.
What is a mutual fund?
This type of fund pools money from many investors to buy a diversified portfolio of stocks, bonds, or other securities.
What is government spending?
If prices are rising too fast, the government might reduce this (its own spending).
What is a progressive tax?
A type of tax takes a larger percent from people who earn more money
Why do stores lay off people
stores and companies aren’t making much money so they lay off workers
What are transfer payments?
payments made to individuals, such as unemployment benefits.
What is diversification?
The practice of spreading your investments across various assets to reduce risk
What is demand-pull inflation?
This occurs when the demand for goods and services outpaces the supply which leads to higher prices.
What is the IRS?
The government agency collects federal income taxes in the U.S.
What is a recession?
Businesses slow down or close and people end up lose their jobs
What is mandatory spending?
Social Security and Medicare are types of government spending required by law.
What is a bond?
This investment, essentially a loan to a company or government, pays fixed interest over time.