Studied by 2 people
Federal Reserve
The ________, informally called "the Fed, "is a government agency that guides the economy by regulating the amount of money in circulation, controlling interest rates, and controlling the amount of money loaned.
Individuals
________ have an enormous role on the market for goods and services.
1900s
The ________ saw the rapid movement of information, with the invention of the computer.
Deflation
________ is a general decrease in the price of goods and services.
unemployment
When ________ is low, production of goods and services is high, new businesses open, and there is prosperity.
GDP
________ is one of the most important indicators of the status of an economy.
Recovery
A(n) ________ is a rise in business activity after a recession or depression.
Inflation
________ is a general increase in the price of goods and services.
Prosperity
________ is a peak of economic activity.
Unemployment rate
The ________ measures the number of people who are able and willing to work but can not find work during a given period.
Depression
A(n) ________ is a deep recession that affects the entire economy and lasts for several years.
Standard of living
The ________ refers to the amount of goods and services people can buy with the money they have.
