Econ 101 Module 4

3. instead of a generally accepted medium of exchange, there is an exchange of goods/services
6. an economic downturn that is short-term
8. bank for branks. Responsible for providing loans to banks, managing banking system and money supply
10. the cost that comes from a price change
13. banks that are responsible for firms investment by raising money
14. banks that are responsible for checking,savings, and loans
17. A not currently employed worker is searching for a job unsuccessfully this condition is ____
18. unemployment this for of unemployment comes from changes within the industrial structure
20. Includes M1 and saving/small-denomination time deposits and money market mutual funds.
22. generally accepted form of payment
23. Domestically purchased goods/services but produced abroad
25. money supply measure that consist of traveler's checks, checkable desposits, as well as currency
27. Within wages/prices interpret the nominal changes as real

1. Wasted resources that occur to avoid holding money
2. this form of unemployment comes from delay with available jobs and workers
4. money with no intrinsic value, only valued as a medium of exchange
5. Private spending for future output on equipment and plants
7. No tangible product is made but there is a beneficial output
9. (Does not include new housing) Household purchasing a final service/good
11. increase of overall price levels within a economy
12. When prices fall overall it creates ___
15. how easy it is to be spend something
16. this form of unemployment comes from an economic downturn
19. GDP that doesn't account inflation but does involve current prices
21. Domestically produced goods/service but utilized abroad
24. The typical consumer pattern of purchasing/level creates the ___ which measures price level
26. paper bills and coins to purchase goods/services