Set: Economic Terms

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All 10 Terms

Term Definition
Inflation An increase in the price level of goods and services.
Recession A significant decline in general economic activity extending over a period of time.
Depression Economic situation characterized by rising unemployment, an excess of supply over demand, deflation, reduced purchasing power, contraction of general business activity and public fear.
Bull Market Period in rising stock prices.
Business Cycle Periodic growth and contraction of the economy.
Credit The granting of a loan and the creation of debt.
Trickle-down Economics Economic theory that holds that money lent to banks and businesses will extend down to consumers.
New Deal Programs and legislation enacted by FDR during the Great Depression to promote economic recovery and social reform.
Consumerism Large-scale buying, much of it on credit.
Boom A stage in the business cycle when economic activity is increasing.

Set Information

Terms 10
Creator sarahschumacher
Created March 19, 2008
Groups None
Tags unitedstates, economic, mrsschumacher
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Description

A list of economic terms and definitions vital to US history!

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Most Missed Words

  1. Inflation → An increase in the price level of goods and services. - 2 misses
  2. Bull Market → Period in rising stock prices. - 1 miss
  3. Business Cycle → Periodic growth and contraction of the economy. - 1 miss
  4. Credit → The granting of a loan and the creation of debt. - 1 miss
  5. Trickle-down Economics → Economic theory that holds that money lent to banks and businesses will extend down to consumers. - 1 miss
  6. New Deal → Programs and legislation enacted by FDR during the Great Depression to promote economic recovery and social reform. - 1 miss
  7. Consumerism → Large-scale buying, much of it on credit. - 1 miss