The main cause of unemployment is reduced demand for the goods and services being provided by various workers.

If wages increase faster than gains in productivity, the cost of producing goods decreases and prices fall.

Some nations have such abundant resources that they never experience economic hardships.

The last depression in the United States occurred during the 1980s.

Inflation can sometimes occur when the demand for goods and services is greater than the supply.

People with poor credit ratings pay a higher interest rate to borrow money than people with good credit ratings.

Capital projects involve spending by businesses for employee training and benefits.

When you buy a corporate bond, you have lent money to the company.

A well-run business should never need to borrow money.

Which of the following would NOT be included in a measure of GDP?

An increase in GDP per capita means that

In the United States, the labor force consist of all people above age ___ who are actively working or seeking work.

A period of economic recovery

Inflation

The interest rate financial institutions are charged to borrow funds from Federal Reserve banks is called the

The money for capital projects usually comes from

Which type of business sells stock?

People who buy bonds are called

The total amount owed by the federal government is called the

A period in the business cycle when most people who want to work are working, wages are good, and GDP growth increases.

The production output in relation to a unit of input

A period in the business cycle marked by a long period of high unemployment, weak consumer sales, and business failures.

An increase in the general level of prices.

The portion of people in the labor force who are not working.

Represents ownership in a corporation

Salaries and wages as well as investment income and government payments to individuals.

A period in the business cycle when demand begins to decrease, unemployment begins to rise, and GDP growth slows for at least two quarters in a calendar year.

Represents debt for an organization.

A decrease in the general level of prices

The total dollar value of all final goods and services produced in a country during one year is called

The sales of durable and nondurable goods bought by consumers is called

The movement of the economy from one condition to another and back again is called the

A(n) p is a _________ that compares prices in one year with some earlier base year

_______________refers to money spent by a business for an item that will be used over a long period.