Penny Candy Economics

Money

100

The practice of shaving the edges of a coin in order to get some of the precious metal from the coin.

What is clipping?

200

The practice of reducing the value of a coin by reducing the amount of precious metal in it.

What is debasing?

Runaways

100

This is the beginning of a depression that never went all the way.

What is a recession?

200

Overthrowing a government, usually by force.

What is a revolution?

Boom & Bust

100

This measures the changes in the prices of items purchased by households.

What is the Consumer Price Index?

200

Producing, buying, or selling something against the wishes of the government.

What is the black market?

Debt

100

DAILY DOUBLE

Officials took 194 years to accumulate their first trillion dollars and only ______ number of years to accumulate their second trillion.

What is 5 years?

200

This law of economics states that bad money drives good money out of circulation; people hoard good money and trade with legally overvalued money.

What is Gresham's Law?

Tanstaafl

100

Government construction projects, such as roads, dams, and bridges.

What are public works?

200

A government program for giving tax money away, usually to rich people or large companies.

What is a subsidy?