unit 4 & 5 review game personal finance & review 12345 business cycle 12345 personal finance...
TRANSCRIPT
UNIT 4 & 5 REVIEW GAME
Personal Finance & Review
1 2 3 4 5
Business Cycle 1 2 3 4 5
Personal Finance 1 2 3 4 5
Economic Indicators
1 2 3 4 5
Federal Reserve 1 2 3 4 5
Association of workers organized to improve wages and working conditions for its
members.
Labor Union
When a neutral person steps in and tries to get both sides to reach an
agreement.
mediation
A movement to educate buyers about the
purchases they make and to demand better and
safer products.
consumerism
Using $ to earn $ later.
Investment
What is a CD?
Certificate of deposit
Portion of the business cycle when millions are
out of work, many businesses fail, and the economy operates at far
below capacity. depression
Portion of the business cycle un which economic activity slowly increases.
expansion
Portion of the business cycle when economic
activity is slowing down.
contraction
When economic activity declines for a period of 6
months or more.
recession
When the business cycle has reached its highest point and contraction is
about to occur.
Peak or boom
A portion of a corporation is sold in units called…
shares
What is credit?
Borrowing money to pay for something now,
promise to pay back later
A record of what you earn & spend.
budget
Money left over after paying taxes
Disposable income
Money left over after paying for necessities.
Discretionary income
Contraction or ExpansionIf delayed deliveries are increasing, the economy
in a period of…
expansion
Contraction or ExpansionIf the money supply is
decreasing, the economy is a period of…
contraction
Contraction or ExpansionIf economists are worried
about inflation, the economy is in a period
of…
expansion
Economic indicators that gauge whether
consumers feel good about the economy.
Consumer confidence
The total retail value of all goods and services
produced in a nation in a given year.
GDP – Gross domestic Product
Increase or DecreaseIf the Federal Reserve
lowers the reserve requirement, what effect
will this have on the money supply?
Increase
Increase or DecreaseIf the Federal Reserve
lowers the discount rate, what effect will this have
on the money supply?
Increase
Increase or DecreaseIf the Federal Reserve sells securities on the
open market, what effect will this have on the
money supply?Decrease
Inflation or RecessionIf the Federal Reserve buys securities on the
open market, what economic problem are they trying to solve?
Recession
Inflation or RecessionIf the Federal Reserve
raises the discount rate, what economic problem
are they trying to solve?
Inflation