Chapter 18 Vocabulary Terms
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| Business Cycles | show 🗑
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| show | A French term literally meaning “to allow to do, to leave alone.” It is a hands-off governmental policy that is based on the belief that government involvement in the economy is wrong.
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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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| show | Government regulation of the quality and safety of products as well as the conditions under which goods and services are produced.
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| Deregulation | show 🗑
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| show | A situation in which there is economic growth, rising national income, high employment, and steadiness in the general level of prices.
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| show | A rise in the general price levels of an economy
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| Recession | show 🗑
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| Monetary Policy | show 🗑
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| show | A system of exchange for goods and services that includes currency, coins, and bank deposits.
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