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Economics Vocabulary

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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Term
Definition
Fiscal Policy   show
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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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Economic Indicators   show
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Progressive Taxes   show
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Money Supply   show
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Demand Deposits   show
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show Everyone regardless of wealth pays the same amount  
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Monetary Policy   show
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show The ups and downs of the economy over a period of time  
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Gross Domestic Product   show
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Recession   show
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Depression   show
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The New Deal   show
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16th Amendment   show
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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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Production   show
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Incentives   show
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show The nation’s baking system designed to regulate federal monetary policy  
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show The minimum amount of money the Federal Reserve requires member banks to keep on hand  
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show Using goods and services  
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show Interest rate charged to member banks that borrow money from the “FED”  
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