Introduction to Business- History of the U.S. Economy

A general increase in the price of goods and services is called

During the early 1700s, the U.S. economy was 

Figures used to measure economic performance are called

Economic indicators measure

Economies go through ups and downs.

An important measure of economic strength is the rate of inflation.

When economic activity slows down, this is called a recession.

The stock market crashed on October 29, 1929, is known as:

In the early 1600s, colonists bartered goods and services which created the service economy.

The total amount of money a government owes is called

The main source of income for a government is 

Recovery is marked by

A general increase in the price of goods and services is called deflation.

The rise and fall of economic activity over time is called

The United States economy is shaped by a mix of public and private forces.

During a recovery,

Prosperity, Recession and Depression are 3 of the 4 stages of a business cycle. The last one is

When the supply of goods are greater than demand, this is a 

The recovery of the Great Depression was helped by

The United States has a high GDP compared to some countries, it has a low standard of living

The Federal Reserve is a government agency that guides the economy by 

GDP stands for Growing Domestic Product

The United States has experienced two major economic shifts: Agricultural and industrial.

The unemployment rate measures the number of people who are: