Armuchee Macro Economic Terms
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each of the black spaces below before clicking
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| show | The buying and selling of government securities to alter the supply of money.
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| show | Rate the federal reserve charges for loans to commercial banks.
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| Required Reserve Ratio | show 🗑
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| Monetary Policy | show 🗑
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| Fiscal Policy | show 🗑
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| Expansionary Policies | show 🗑
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| show | Fiscal policies, like tax hikes, that reduce economic growth.
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| show | Very high inflation that is out of control.
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| show | The amount of money the government owes in one year.
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| show | The total amount of money that the government owes for all years combined.
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| show | A price index determined by measuring the price of a standard group of goods meant to represent the market basket of a typical urban consumer.
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| show | The percentage of the nation’s labor force that is unemployed.
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| Full Employment | show 🗑
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| Underemployment | show 🗑
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| show | A person who wants a job but has given up looking.
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| Inflation | show 🗑
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| show | Unemployment that occurs when people take time to find a job.
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| Structural Unemployment | show 🗑
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| Cyclical Unemployment | show 🗑
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| show | The dollar value of all final goods and services produced within a country’s borders in a given year.
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| show | Goods used in the production of final goods.
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| show | GDP measured in current prices.
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| Aggregate Supply | show 🗑
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| show | The amount of goods and services in the economy that will be purchased at all possible price levels.
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| Business Cycle | show 🗑
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| show | A period of economic growth as measured by a rise in real GDP.
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| show | The height of an economic expansion, when real gdp stops rising.
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| Contraction | show 🗑
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| Trough | show 🗑
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| show | A prolonged economic contraction.
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| Depression | show 🗑
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| show | A decline in real GDP combined with a rise in price levels.
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| Leading Indicators | show 🗑
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| show | A tax for which the percentage of income paid in taxes remains the same for all income levels.
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| Progressive Tax | show 🗑
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| show | A tax for which the percentage of income paid in taxes decrease and income increases.
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| Mandatory Spending | show 🗑
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| show | Spending category about which government planners can make choices.
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| Entitlement | show 🗑
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| Real GDP | show 🗑
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