Fast & Curious The U.S. Economy and the World

a person who buys or uses products and services

• tax incentives
• competition
• consumer
• producer

a person or company who provides a good or service that satisfies consumers' needs

• trade surplus
• trade barrier
• producer
• consumer

an economical model that displays how households, businesses, and the government interact in the U.S. economy

• consumer
• trade barrier
• producer
• circular-flow model

the economic rivalry among businesses selling products

• producer
• trade barrier
• competition
• consumer

economic signs that help economists make predictions about future economic growth

• lagging indicators
• trade deficit
• leading indicators
• coincident indicators

economic signs that help economists determine how the economy is doing at the present time

• lagging indicators
• coincident indicators
• competition
• leading indicators

economic signs that help economists determine how long the current economic situation will last

• leading indicators
• lagging indicators
• coincident indicators
• tax incentives

special tax breaks for businesses to encourage investment

• trade deficit
• consumer
• tax incentives
• trade barrier

an economic policy that increases the amount of money in the money supply

• easy-money policy
• opportunity cost
• tight-money policy
• trade deficit

an economic policy that involves raising interest rates to decrease the amount of money borrowed and reducing inflation

• trade deficit
• competition
• tight-money policy
• easy-money policy