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19 Cards in this Set
- Front
- Back
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Appropriations bill |
legislation authorizing spending for a specific purpose |
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GPD GAP |
Difference between what the Conti we can and does produce Annual opportunity cost of unemployment resources |
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Business cycle |
Systematic changes in GDP marked by alternating periods of expansion and contraction of business cycles |
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consumer price index |
index used to measure a price changes fOr a market basket of Frequently used consumer items |
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Cpi |
Index used to measure price changes for a market basket of traditional consumer items |
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Cpi |
Index used to measure price changes for a market basket of traditional consumer items |
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Inflatikn |
General rise in prices |
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Cpi |
Index used to measure price changes for a market basket of traditional consumer items |
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Inflatikn |
General rise in prices |
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Deficit spending |
Government spending in excess of revenue of funds raised by borrowing rather than from taxation |
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Unemployment rate |
Number of Americans currently unemployed |
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Fiscal policy |
The use of gov spending and tax policies To influence macroecon conditions including aggregate demand and employment, inflation and eco growth |
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Commodity money |
Money whose value comes from a commodity of which it is made Consist of objects that have intrinsic value as well as value in their use of money |
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Monetary policy |
A central bank or currency board controls the supply of money often targeting an inflation or interest rate to insure price stability and general trust |
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FRS |
The central banking system of the United States |
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FRS |
The central banking system of the United States |
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Fiat money |
Inconvertible paper money made legal tender by a government decree |
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Surplus |
Amount of something left over when supply is over demand |
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Discount rate |
Interest rate that the federal reserve system charges on loans to the nations financial institutions |
