Gellhorn Econ Vocab

To increase in value

• Augment

• Appreciate

• Depreciate

• Align

A ______ market is going up; a _______ market is going down.

GDP stands for 'gross domestic product' which means...

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OFF

Using tariffs to encourage sales of domestic products

• Monopolistic

• Tax and spend

• Abstraction

• Protectionism

a significant, rapid, increase in asset prices soon followed by a collapse in prices

• stock option

• bubble

• recession

• speculation

Measure of a person's ability to fulfil financial commitments

A rise in prices over time is called _________

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OFF

to conceal the origin of illegally obtained money

• obscure

• blanket

• launder

• rinse

An economic recession in which a period of decline is followed by a brief period of growth, followed by a further period of decline

Compulsory payment to the government, often levied on income, property or purchases

• taxes

• wages

• investments

• bonds