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Chapter 18 Vocabulary Terms

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Term
Definition
show Fluctuation between expansion and recession that are a part of modern capitalist economics.  
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Laissez-Faire   show
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show Alternative to the laissez-faire state; the government take an active role in guiding and managing the private  
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show Government regulation of business practices, industry rates, routes, or areas serviced by particular industries.  
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Social Regulation   show
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Deregulation   show
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Economic Stability   show
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show A rise in the general price levels of an economy  
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show A short-term decline in the economy that occurs as investment sags, production falls off, and unemployment increases.  
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Monetary Policy   show
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Money   show
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