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Economics Basics Flashcards | StudBud
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Economics Basics
Economics Basics
6 terms
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StudBud Administration
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Test your knowledge on fundamental concepts and indicators in economics
Flashcards
6 cards
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Practice quiz
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Questions
6
Answers
1
What is a recession?
Economic growth
High inflation
High unemployment
Economic decline
2
Which is a macroeconomic indicator?
Unemployment rate
Inflation rate
Interest rates
Stock prices
3
What does fiscal policy involve?
Money supply
Government spending
Interest rates
Taxation
4
What is the business cycle?
Economic fluctuations
Government policies
Consumer behavior
Stock market trends
5
Who controls monetary policy?
Government
Stock market
Central bank
Private banks
6
What is GDP?
Global Domestic Product
Gross Domestic Product
General Domestic Product
Gross Development Product
