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Types of economy
Unemployment
Business cycle
National debt
Federal reserves
100
Command,market,and mixed
What is the 3 types of economy?
100
People that don't have a job.
What is unemployment?
100
a cycle or series of cycles of economic expansion and contraction.
What is a Business cycle?
100
The amount of money that a government owes.
What is the national debt?
100
The central bank of the U.S.
What is the federal reserves?
200
A central authority makes all the decisions.
What is a command economy?
200
Structural,frictional,seasonal and cyclical
What is the 4 types of unemployment?
200
Peak,contraction,trough,recovery, and expansion
What is the parts of the business cycle?
200
How much over budget the government is year to year.
What is national deficit?
200
Expand or contract the money supply in order to affect the cost and availability of the credit.
What is monetary policy?
300
People act in their own best interests in making decisions.
What is market economy?
300
When the structure of the work place change the need for workers.
What is structural unemployment?
300
Prosperous time :high production,low unemployment, and wages increase.
What is a peak?
300
Yes each year the national deficit resets.
Does the national deficit reset?
300
How the government spends money and imposes taxes.
What is fiscal policy?
400
It's a combination between command and market economy.
What is a mixed economy?
400
People who are in between jobs.
What is frictional unemployment?
400
When the economy goes down.
What is contraction?
400
The total of debts keep going each year .
Does the total of the debts keep going each year?
400
The president.
Who proposes a budget?
500
Economic freedom, economic efficiency,economic equity,economic security,full employment,price stability, and economic growth.
What are the seven goals of an economy?
500
Seasonal is the change of seasons for that job and cyclical is depends on the business cycles.
What is the difference between seasonal and cyclical unemployment?
500
The lowest point of the economy with high unemployment and production.
What is trough?
500
Yes the citizens of that country owes foreign countries money as well as their government.
Does the citizens of the country owe money to the foreign countries as well as the government?