Unit 4 Macroeconomics - Vocabulary

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Social Studies
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12th Grade
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Easy
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1.
FLASHCARD QUESTION
Front
legislation, passed by Congress and signed into law by the President, changing levels of taxation and/or government spending to stabilize the economy
Back
Fiscal policy
2.
FLASHCARD QUESTION
Front
the upward movement of a business cycle
Back
expansion
3.
FLASHCARD QUESTION
Front
unemployed because employers need their type of human capital during only one part of the year
Back
Seasonal unemployment
4.
FLASHCARD QUESTION
Front
unemployed because of a lack the skills for the job
Back
Structural unemployment
5.
FLASHCARD QUESTION
Front
unemployed because in between jobs or looking for a better job
Back
Frictional unemployment
6.
FLASHCARD QUESTION
Front
things are moving in the right direction, new businesses opening, more product being produced
Back
Economic growth
7.
FLASHCARD QUESTION
Front
decline in GDP for 2 or more quarters
Back
Recession
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