Chapter 14: Long-Run Consequences of Stabilization Policies
4.0(1)Studied by 5 people
0%Unit 5: Long-Run Consequences of Stabilization Policies Mastery
0%Exam Mastery
View linked noteBuild your Mastery score
Multiple Choice
Call KaiSupplemental Materials
Card Sorting
1/14
Earn XP
Description and Tags
Last updated 3:00 PM on 4/8/23
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
15 Terms
1
New cards
Rational expectations
theory that people learn to anticipate government policies that influence the economy, making the policies ineffective.
2
New cards
Phillips curve
shows inverse relationship between inflation rate and unemployment.
3
New cards
National debt
total amount of money that the federal government owes.
4
New cards
Deflation
sustained decrease overall price level.
5
New cards
Budget deficit
federal government spending- tax collections.
6
New cards
Monetary inflation
when prices increase due to oversupply of currency.
7
New cards
Inflation
sustained increase to overall price level.
8
New cards
Monetary inflation
when prices increase due to oversupply of currency
9
New cards
Phillips curve
shows inverse relationship between inflation rate and unemployment
10
New cards
Rational expectations
theory that people learn to anticipate government policies that influence the economy, making the policies ineffective
11
New cards
Inflation
sustained increase to overall price level
12
New cards
Deflation
sustained decrease overall price level
13
New cards
National debt
total amount of money that the federal government owes
14
New cards
Ricardian Equivalency theory
deficit financing no different from tax financing
15
New cards
Crowding out
decrease in real investment due to higher interest rates from government purchases
