Deflation results in the decline of the buying power of a consumer.

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

Most future economic growth is likely to occur in the industrialized nations of Europe and Asia.

A period of economic recovery is considered the high point of the business cycle.

Equity represents the cost of money.

Owning stock means you're loaning money to a corporation.

With the purchase of a bond, the investor becomes a creditor.

If wages go up faster than prices, businesses tend to hire fewer workers, so unemployment worsens.

GDP per capita is calculated by dividing GDP by the number of people working in a country.

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

How do high interest rates affect the economy?

An increase in GDP per capita means that

What type of inflation occurs when a large supply of money is spent on goods and services causing prices to rise faster than wages?

What type of inflation occurs when production costs increase?

The most widely used measure of national output is a nation's ________________, which calculates the total dollar value of all final goods and services produced each year in a country.

Monthly, the U.S. Department of Commerce measures ________________, or the sales of durable and nondurable goods bought by consumers.

A period of ________________ is one in which unemployment begins to rise, demand begins to decrease, and businesses lower production.

The ________________ is the total amount owed by the federal government.

A corporation's ________________ represents equity in the company.