Economics Vocabulary
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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show | Government decisions regarding taxes citizens
must pay and the amount of money the
government spends
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Inflation | show 🗑
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show | The Quality of life measured by the amount of goods and services people can buy and the leisure time they have
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show | Statistical tools used to measure the condition
of the nation’s economy
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Progressive Taxes | show 🗑
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show | Consists of cash, checking accounts, and
travelers checks
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show | Mostly checking accounts
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show | Everyone regardless of wealth pays the same
amount
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show | Actions by the Federal Reserve to influence
the economy by regulating the amount of
money in circulation
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Business Cycle | show 🗑
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Gross Domestic Product | show 🗑
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show | A period on the business cycle marked by low
economic activity, reduced profits, and rising
unemployment
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show | A severe recession lasting longer than a year
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The New Deal | show 🗑
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show | Established the Federal Income Tax
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show | Property owned by individuals and businesses
without government interference
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Competition | show 🗑
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show | Savings bonds, treasury notes, and treasury
bills the US sells as a way to borrow money
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show | The combining of human (labor), natural
(land), and capital resources along with
management to make goods and services
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show | Things that motivate or change economic
behavior
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show | The nation’s baking system designed to
regulate federal monetary policy
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Reserve Requirement | show 🗑
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Consumption | show 🗑
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show | Interest rate charged to member banks that
borrow money from the “FED”
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
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