Unit 6 Vocab

5. In terms of GDP this is NOT stocks or bonds but the final capital goods that a business purchases
9. The long version of CPI (no space)
10. This type of unemployment is the result of a mismatch of labor supply and marker. Workers do not have the right kind of skills needed
11. CPI is used to measure this ______
15. This is the full name for the FRS or the FED (no space)
16. This is the acronym for the market committee that creates monetary policy
17. This is the finished product used in GDP (2 words/no space)
20. This country has the highest GDP and world's largest economy since 1871
21. This diagram shows the different relationships in an economy and how they work together (2 words/no space)
22. This is a model that shows economic activity over time and it repeats over and over (2 words/no space)

1. There are 12 of these in the Federal Reserve
2. When there is a temporary decrease in inflation rates (very common)
3. This is a very serious recession that has a large contraction in the economy
4. The long version of GDP (no space)
6. This type of unemployment is the result of workers moving between jobs or waiting for a job to start
7. This type of unemployment is caused by the downturn of economic activity (the jobs usually return)
8. CPI reports are done _________
12. This is the lowest point on a business cycle
13. This type of unemployment has to do with what jobs are available during 'season'
14. This is the highest point on a business cycle
18. When the government spend more money than it has it creates a __________.
19. This form of policy is created by the government