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Business Cycle
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English for Economics 2
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
An increase in economic activity.
Upturn
Supply
Downturn
Demand
2
The willingness and ability of businesses to offer goods or services for sale.
Deficit
Surplus
Supply
Demand
3
A decline in economic activity.
Downturn
Upturn
Deficit
Grow
4
A state of balance, for example when supply is the same as demand.
Reduce
Grow
Equilibrium
Decrease
5
To put money aside to spend in the future.
Pay
Save
Spend
Purchase
6
The total market value of all the goods and services produced in a country during a given period.
Gross Domestic Product (GDP)
Demand
Consumption
Supply
7
The willingness and ability of consumers to purchase goods and services.
Supply
Demand
Deficit
Surplus
8
The total amount of money available in an economy at a particular time.
Money politics
Money laundering
Money supply
Money maker
9
Beliefs about what will happen in the future.
Experience
Experiment
Expressions
Expectations
10
An amount of money that is smaller than is needed.
Supply
Demand
Surplus
Deficit
