Term
|
Definition
| A decrease in the general price level. |
|
|
Term
|
Definition
| The movement of an economy from one condition to another and back again. |
|
|
Term
|
Definition
| Spending by businesses for items such as land, buildings, and equipment. |
|
|
Term
|
Definition
| The total value of all final goods and serives produced in a country in one year. |
|
|
Term
|
Definition
| Government spends less than it takes in. |
|
|
Term
|
Definition
| A phase marked by a long period of high unemployment, weak consumer sales, and business failures. |
|
|
Term
|
Definition
| Represents debt for an oraginzation. |
|
|
Term
|
Definition
| Salaries and wages as well as investment income and government payments to individuals. |
|
|
Term
|
Definition
| The GPD divided by the total population of a country. |
|
|
Term
|
Definition
| Production output in relation to a unit of input, such as a worker. |
|
|
Term
|
Definition
| The phase in which unemployment decreases, demand for goods and services increases, and GPD begins to rise. |
|
|
Term
|
Definition
| An increase in the general price level. |
|
|
Term
|
Definition
| Represents ownership in a corporation. |
|
|
Term
|
Definition
| Government spends more than it takes in. |
|
|
Term
|
Definition
| The portion of people in the labor force who are not working. |
|
|
Term
|
Definition
| The sales of durable and nondurable goods bought by consumers. |
|
|
Term
|
Definition
| A period in which unemployment is low, businesses produce many goods and services, and wages are good. |
|
|
Term
|
Definition
| A number that compares prices in one year with some earlier base year. |
|
|
Term
|
Definition
| A period in which demand, production, and GPD growth decreses and unemployment begins to rise. |
|
|
Term
|
Definition
| Thet total amount owed by the federal government. |
|
|
