Economics- Room 126 GED set 1
The increasing of business activity through four phases: expansion, peak, contraction, and trough.
The phase of the business cycle characterized by an increase in business activity.
A reduction in business activity.
A general increase in the prices due largely to a decline in the value of money.
A condition of higher prices due to demand for goods in short supply.
Higher prices caused by a push for higher wages (wage-price spiral)
A period when production declines and people have less money.
The condition that results from a severe reduction of business activity.
Goods produced in one country and sent to another country for sale.
Goods brought into a country that are produced in another country.
Balance of trade
The difference between the total value of goods and services exported and the total value of goods and services imported.
YOU MIGHT ALSO LIKE...
GDP and Measuring the Economy
Economics Ch. 11
Ch 12 & 13 Review Game
Intro to Business Chapter 2 Test
OTHER SETS BY THIS CREATOR
WWI-Post WWII Part 2
WWI to post WWII part 1
World War II part 1
Types of Government
THIS SET IS OFTEN IN FOLDERS WITH...
Economics- Room 126 GED set 2
Economics- Room 126 GED set 3
GED Economics Terms Lesson 1
GED Economics Lesson 2