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Section 4 vocabulary
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Published on Nov 19, 2015
Section 4 Vocabulary
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1.
Section 4 vocabulary
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Krista76
2.
Gross Domestic PRoduct
Measure of countries economic performance
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nathanmac87
3.
Business Cycle
Series of economic expansions and contractions
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Intersection Consulting
4.
Peak
Customers must pay additional fee when product is in high demand
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kevin dooley
5.
Trough
Point between economic recession and recovery
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Leonrw
6.
Expansion
An increase in the level of economic activity
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Cedim News
7.
Contraction
When economy is in decline
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marsmet553
8.
Monetary policy
Central bank does this to control the money supply
Photo by
Thomas R. Stegelmann
9.
Fiscal policy
Government spending taxes on the economy
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John Lemieux
10.
Progressive tax
More money you make, higher the taxes will be
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Felipe Menhem
11.
regressive tax
More money you make, lower your taxes will be
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Eva the Weaver
12.
Proportional tax
Tax rate is fixed no matter what your income is
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George has Confessions to show
13.
budget deficit
Government spending instead of business or individual spending
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aresauburn™
14.
National dept
The money our country owes to other countries
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star5112
15.
macroeconomics
Economics on a general or national level
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Werner Kunz
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