Government and the Economy Money, Banking, Finance Government and the Economy Business and Labor Economic Performance 100 100 100 100 200 200 200 200 300 300 300 300 400 400 400 400 500 500 500 500

Medium of exchange, unit of account, and store of value. What is the uses of money? RETURN Row 1, Col 1

What is social security? The expense of the government is __________. What is social security? RETURN 1,2

Market Structure where there are few dominant sellers Market Structure where there are few dominant sellers. Example: Soda Company What is an Oligopoly? RETURN 1,3

The dollar value of all final goods and services. What is Nominal GDP? RETURN 1,4

Type of saving account with minimum balance Type of saving account with minimum balance. Interest rate is higher than savings What is Money Market? RETURN 2,1

The amount that government spending exceeds government revenue in one year. What is a deficit? 2,2 RETURN

What is Sole Proprietorship? Type of Business that has one owner What is Sole Proprietorship? RETURN 2,3

What is the Business Cycle? Examples are Expansion, Peak, Contraction, and Trough What is the Business Cycle? RETURN 2,4

Corporation that protects your investments up to $250,000. What is a FDIC? RETURN 3,1

The amount that the government revenue exceeds government spending in one year. What is surplus? RETURN 3,2

A work stoppage in which an employer prevents employees from working. What is a lockout? RETURN 3,3

Real GDP divided by the Population What is Per Capita GDP? RETURN 3,4

What is Investment Risks? Risks are time, credit, inflation, liquidity. What is Investment Risks? RETURN 4,1

Regulating banks, manages money supply, setting monetary policy. What is functions of Federal Reserve? RETURN 4,2

What is Perfect Competition? An example of this is Agriculture. What is Perfect Competition? RETURN 4,3

The percent that is the target unemployment rate. What is 5% or less? RETURN 4,4

Issued by the government or corporations to benefit from the company and receiving profit fro them. What is are Bonds? RETURN 5,1

The total amount of money the government owes. Who is debt? RETURN 5,2

Organization where people work to get benefits. What is Labor Unions? RETURN 5,3

Demands of goods and and services are not enough What is Demand-Push? RETURN 5,4