Econ Money

2. A standard numerical monetary unit of measurement of the market value of goods, services and other transactions.
5. actions that require no action and will occur automatically based on the current phase of the business cycle.
6. is the interest rate at which funds are borrowed and lent in the federal funds market.
7. What causes upward pressure on prices due to shortages in supply?
9. the unadjusted rate or current price, without taking inflation or other factors into account.
12. A set of tools used by a nation’s central bank to control the overall money supply and promote economic growth.
13. What occurs when demand remains static or grows even when prices climb higher.
14. a carrier of a store of value between independent transactions.

1. the increase or improvement in inflation. The adjusted market value of the goods and services produced by an economy in a financial year.
3. the use of government spending and tax policies to influence economic conditions.
4. when a government deficit drives up the interest rate and leads to reduced investment spending.
8. Money that is owed.
10. the measure of performance that compares the output of a product with the input.
11. the minimum unemployment rate resulting from real or voluntary forces.
15. the nominal interest rate minus the rate of inflation.