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Economics And Personal Finance Unit Four Vocabulary

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Term
Definition
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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