Flashcards - Overview of Macroeconomics

Flashcards - Overview of Macroeconomics
1/16 (missed) 0 0
Create Your Account To Continue Studying

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access
the business cycle
The business cycle or economic cycle is the downward and upward movement of gross domestic product around its long-term growth trend
Got it
bond
In finance, a bond is an instrument of indebtedness of the bond issuer to the holders
Got it
natural resources
Natural resources are resources that exist without actions of humankind
Got it
exchange rate
In finance, an exchange rate between two currencies is the rate at which one currency will be exchanged for another
Got it
international trade
International trade is the exchange of capital, goods, and services across international borders or territories
Got it
Commercial banks
A commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products
Got it
Fiscal policy
In economics and political science, fiscal policy is the use of government revenue collection and expenditure to influence the economy
Got it
recession
In economics, a recession is a negative economic growth for two consecutive quarters
Got it
16 cards in set
Front
Back
recession
In economics, a recession is a negative economic growth for two consecutive quarters
Fiscal policy
In economics and political science, fiscal policy is the use of government revenue collection and expenditure to influence the economy
Commercial banks
A commercial bank is a type of financial institution that provides services such as accepting deposits, making business loans, and offering basic investment products
international trade
International trade is the exchange of capital, goods, and services across international borders or territories
exchange rate
In finance, an exchange rate between two currencies is the rate at which one currency will be exchanged for another
natural resources
Natural resources are resources that exist without actions of humankind
bond
In finance, a bond is an instrument of indebtedness of the bond issuer to the holders
the business cycle
The business cycle or economic cycle is the downward and upward movement of gross domestic product around its long-term growth trend
aggregate supply
In economics, aggregate supply or domestic final supply is the total supply of goods and services that firms in a national economy plan on selling during a specific time period
federal funds rate
In the United States, the federal funds rate is the interest rate at which depository institutions lend reserve balances to other depository institutions overnight, on an uncollateralized basis
Open trade
Free trade is a policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries
Labor productivity
Workforce productivity is the amount of goods and services that a worker produces in a given amount of time
bond markets
The bond market is a financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the secondary market
capital market
A capital market is a financial market in which long-term debt or equity-backed securities are bought and sold
contraction
A contraction is a shortened version of the written and spoken forms of a word, syllable, or word group, created by omission of internal letters and sounds
productivity
Productivity is an average measure of the efficiency of production

To unlock this flashcard set you must be a Study.com Member.
Create your account

Unlock Your Education

See for yourself why 30 million people use Study.com

Become a Study.com member and start learning now.
Become a Member

Already a member? Log In

Support