a market in the economy where goods and services are exchanged for money

a market in the economy where productive resources are bought and sold (labor is bought and sold)

price and quantity demanded move in opposite directions

goods where one can take the place of another good

a market in the economy where productive resources are bought and sold (labor is bought and sold)

a market in the economy where goods and services are exchanged for money

price and quantity demanded move in opposite directions

goods where one can take the place of another good

price and quantity demanded move in opposite directions

a market in the economy where goods and services are exchanged for money

a market in the economy where productive resources are bought and sold (labor is bought and sold)

goods where one can take the place of another good

a market in the economy where goods and services are exchanged for money

a market in the economy where productive resources are bought and sold (labor is bought and sold)

price and quantity demanded move in opposite directions

a market in the economy where goods and services are exchanged for money

a market in the economy where productive resources are bought and sold (labor is bought and sold)

price and quantity demanded move in opposite directions

goods where one can take the place of another good

as price rises, the amount supplied increases

cost of fixed inputs…cost stays the same every month

cost of goods changes with each unit used

cost of fixed inputs…cost stays the same every month

as price rises, the amount supplied increases

cost of goods changes with each unit used

as price rises, the amount supplied increases

cost of fixed inputs…cost stays the same every month

alternating periods of growth and decline the economy goes through

total dollar value of all final goods and services produced in a country during a single year

measure of change in price over time of a specific group of goods and services

sustained increase in the general level of prices

Gross Domestic Product

total dollar value of all final goods and services produced in a country during a single year

alternating periods of growth and decline the economy goes through

measure of change in price over time of a specific group of goods and services

sustained increase in the general level of prices

measure of change in price over time of a specific group of goods and services

alternating periods of growth and decline the economy goes through

total dollar value of all final goods and services produced in a country during a single year

sustained increase in the general level of prices

alternating periods of growth and decline the economy goes through

total dollar value of all final goods and services produced in a country during a single year

measure of change in price over time of a specific group of goods and services

the federal government’s use of spending and taxation policies to affect overall business activity

policy that involves changing the rate of growth of the the money supply in circulation in order to affect the cost and availability of credit

spending that is required by law

policy that involves changing the rate of growth of the the money supply in circulation in order to affect the cost and availability of credit

the federal government’s use of spending and taxation policies to affect overall business activity

spending that is required by law

the federal government’s use of spending and taxation policies to affect overall business activity

policy that involves changing the rate of growth of the the money supply in circulation in order to affect the cost and availability of credit