Module 4 Review Business Cycle

If the economy is operating in a trough period then the federal reserve may 

If congress decreases taxes and increases spending that is 

Where is unemployment at its lowest?

Federal Reserve can

Inflation is increasing and unemployment is decreasing

The government collected 2.3 billion in taxes and is spending 2.7 billion on programs.

What comes before contraction?

The sum of the production of goods and supply of services in a given country is

War can have a positive effect on the GNP

This is above the equilibrium.

Currently in 2015 our government is operating in a 

Government regulation attempt to 

If we are in a depression of our economy congress would follow a ___policy.

If the government is spending 3.5 billion dollars on programs & collects 4.2 billion in taxes.

This is below the equilibrium then there will be a 

A benefit of government regulations of natural monopolies

This is when deflation is most likely to occur.

Examples of natural monopolies include electricity, highways, police, fire protection, legal, $

quantity supplied exceeds quantity demanded resulting in

Reserve requirements is the percentage of 

Global trading does not increase GNP

After xmas there are sales on clothes for 75% off because of ____.

Government can slow the economy down by

Duke energy is an example of a single supplier 

Natural Resources can have a positive effect on the GNP.  Harvesting trees from the rain forest

What is usually decreased when federal spending is decreased?

Beginning new millennium people hoarded food & water. This quantity demand exceeded the supply.

Population growth can increase both GNP and per capita GNP

The onset of lay offs and inflation falls.

The more money banks have to lend consumers, more businesses open and expand which effects

Currently in 2015 our government is operating with a debt total of over 

If our economy is at Peak then congress will follow which policy

Where is unemployment at is highest

Government can increase economic growth by