Economics And Personal Finance Unit Four Vocabulary
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Contraction | show 🗑
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Structural Unemployment | show 🗑
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Business Cycle | show 🗑
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show | It is represented by the value of one nation's currency relative to the currencies of other nations.
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show | A country is said to have this when they are able to produce a product at a lower opportunity cost than other countries.
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Gross Domestic Product | show 🗑
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show | The use of taxes and government spending by congress to influence the money supply.
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Embargo | show 🗑
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Market Basket | show 🗑
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show | A sustained increase in the general price level or a sustained fall in the purchasing power of money.
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Cyclical Unemployment | show 🗑
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show | The percentage of the labor force that is jobless and actively looking for work.
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Economic Growth | show 🗑
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Frictional Unemployment | show 🗑
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Expansion | show 🗑
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show | A measure of the changes in the prices of goods and services that consumers commonly purchase.
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Full Employment | show 🗑
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show | The gross domestic product adjusted for inflation.
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Trade Barriers | show 🗑
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show | The stage of the business cycle at the end of a expansion period.
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Quota | show 🗑
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Expansionary Fiscal Policy | show 🗑
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Seasonal Unemployment | show 🗑
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show | The part of the GDP that is represented by the total amount of goods and services purchased by consumers.
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Tariff | show 🗑
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Net Exports | show 🗑
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Government Spending | show 🗑
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Trough | show 🗑
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Contractionary Fiscal Policy | show 🗑
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show | The portion of the GDP that is represented by the expenditures of businesses to grow their businesses.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
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.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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