Economic Concepts Flashcards

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Fiscal Policy

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The government's use of spending and taxation to influence economic conditions, to either stimulate or restrain the economy.

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Foreclosure

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A legal process in which a lender takes possession of a property from a borrower who has failed to make mortgage payments.

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Monetary Policy

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The actions taken by a central bank or monetary authority to manage the money supply and interest rates in an economy in order to control inflation, manage employment levels, and maintain economic stability.

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Speculation

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The act of buying or selling financial assets (stocks, commodities, real estate, etc.) with the expectation of profiting from short-term price fluctuations.

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Stock Market

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The marketplace where shares of publicly traded companies are bought and sold.