unemployed
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1. not working
2. be willing and able to work
3. be actively searching for a job
,opportunity cost
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Cost of the next best alternative use of money, time, or resources when
one choice is made rather than another
disinflation
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Prices are rising, but at a slowing rate
fiscal policy
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use taxes and gov spending to shape economic conditions through
legislative & executive
invisible hand
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, The unobservable market force that helps the demand and supply of
goods in a free market to reach equilibrium automatically
excise tax
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a tax on a unit of specific good. burden to pay is BOTH on buyers and
sellers.
commodity money
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objects that have value in themselves and that are also used as money
labor force
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the total number of workers, including both the employed and the
unemployed (does not include prisoners, young people or retired people)
monetary policy
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1. not working
2. be willing and able to work
3. be actively searching for a job
,opportunity cost
Give this one a try later!
Cost of the next best alternative use of money, time, or resources when
one choice is made rather than another
disinflation
Give this one a try later!
Prices are rising, but at a slowing rate
fiscal policy
Give this one a try later!
use taxes and gov spending to shape economic conditions through
legislative & executive
invisible hand
Give this one a try later!
, The unobservable market force that helps the demand and supply of
goods in a free market to reach equilibrium automatically
excise tax
Give this one a try later!
a tax on a unit of specific good. burden to pay is BOTH on buyers and
sellers.
commodity money
Give this one a try later!
objects that have value in themselves and that are also used as money
labor force
Give this one a try later!
the total number of workers, including both the employed and the
unemployed (does not include prisoners, young people or retired people)
monetary policy
Give this one a try later!
