Unit 4 Macroeconomics - Vocabulary

Unit 4 Macroeconomics - Vocabulary

Assessment

Flashcard

Social Studies

12th Grade

Medium

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28 questions

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1.

FLASHCARD QUESTION

Front

legislation, passed by Congress and signed into law by the President, changing levels of taxation and/or government spending to stabilize the economy

Back

Fiscal policy

2.

FLASHCARD QUESTION

Front

the upward movement of a business cycle

Back

expansion

3.

FLASHCARD QUESTION

Front

unemployed because employers need their type of human capital during only one part of the year

Back

Seasonal unemployment

4.

FLASHCARD QUESTION

Front

unemployed because of a lack the skills for the job

Back

Structural unemployment

5.

FLASHCARD QUESTION

Front

unemployed because in between jobs or looking for a better job

Back

Frictional unemployment

6.

FLASHCARD QUESTION

Front

things are moving in the right direction, new businesses opening, more product being produced

Back

Economic growth

7.

FLASHCARD QUESTION

Front

decline in GDP for 2 or more quarters

Back

Recession

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