Macroeconomics 2

5. type of unemployment caused by a downturn in the economy
7. when money gives you information about the value of a product
12. what the Federal Reserve Bank is primarily using to control inflation
16. someone who is looking for work, under 16, did not earn a paycheck last week is this
17. when GDP has been adjusted to reflect another year's prices
19. all the spending done by businesses
20. series of expansions and contractions in the economy
21. policy where the government adjusts taxes and spending in order to change GDP
22. total GDP divided by population
24. when the economy produces more GDP
28. when money is used to trade for something else
30. policy where the Federal Reserve Bank adjusts the amount of money in the economy to change GDP
32. the price of money
35. way to calculate GDP using consumers, investors, government, net exports
38. payments made by the government where they move money from one person to another
39. for developed countries, we would expect per capita GDP to be (higher/lower)
40. a product being sent to another country
41. all the "stuff" consumers buy in an economy

1. literacy rate, infant mortality rate, ife expectancy are all
2. how much your dollar can buy
3. general rise in prices
4. total value of all final goods and services produced in an economy
6. something which can be used as money but has value in and of itself
8. these are loans to the government or a company
9. side effect of a decision
10. tax structure where the more income someone earns, the greater percentage of taxes is taken
11. tax structure where the more income someone earns, the less percentage of income is taken in taxes
13. very rapid inflation
14. central bank of the United States of America
15. way to calculate GDP using wages, rent, interest, profit
18. the curve that fiscal and monetary policies are primarily trying to manipulate
21. money is money because we say it is money
23. when you save it, money will keep its value
25. spending in the economy done by foreign countries
26. a product being brought into a country
27. on the y axis of the aggregate demand / aggregate supply graph
29. diagram showing the movement of money one way and goods the other way
31. the income level below which, income is insufficient to support a haousehold
33. type of unemployment when people are moving from job to job, always present in the economy
34. total amount of money in the economy
36. someone who is working less hours than he would like is this
37. type of unemployment caused by the changing nature of the economy