The Big Bucks
What is money?
An increase in the money supply.
What is inflation?
The correction period following an inflation.
What is a depression?
What is economics?
The production, sale, or trade of goods or services against the wishes of the government.
What is the black market?
What is money supply?
Stage of inflation where prices do not rise as fast as the money supply. People don't understand what is happening.
What is the first stage of inflation?
The speed at which money changes hands.
What is velocity?
What is the business cycle?
A law forbidding farmers to sell crops to certain buyers.
What is a grain embargo?
What is the demand for money?
Describe the third stage of inflation.
Stage of inflation where the whole population is in a panic to get rid of the money as soon as they get their hands on it.
To hold prices or supplies of goods in place.
What is freeze?
The changes that occur on Wall Street and Main Street when government infuses new money into the economy.
What is the Injection Effect?
The central bank of the U.S.
What is the Federal Reserve?
Usually means fiat money. Money created by legal tender laws.
What is paper money?
Describe the second stage of inflation.
A sudden or strong surge of buying or selling.
What is a run?
Money created by a legal tender law. Money not backed by gold or silver.
What is fiat money?
Violent overthrow of the government by a small group of individuals.
What is coup d'etat ?
French paper money.
What is assignat?
Another name for hyperinflation.
What is runaway inflation?
Decrease in money supply which causes a decrease in prices.
What is deflation?
Money changing hands quickly.
What is hot money?
Not easily sold or traded.
What is a illiquid?