UNIT 4 & 5 REVIEW GAME Personal Finance & Review 12345 Business Cycle 12345 Personal Finance 12345 Economic Indicators 12345 Federal Reserve 12345.

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Presentation transcript:

UNIT 4 & 5 REVIEW GAME Personal Finance & Review Business Cycle Personal Finance Economic Indicators Federal Reserve 12345

Association of workers organized to improve wages and working conditions for its members. Labor Union

When a neutral person steps in and tries to get both sides to reach an agreement. mediation

A movement to educate buyers about the purchases they make and to demand better and safer products. consumerism

Using $ to earn $ later. Investment

What is a CD? Certificate of deposit

Portion of the business cycle when millions are out of work, many businesses fail, and the economy operates at far below capacity. depression

Portion of the business cycle un which economic activity slowly increases. expansion

Portion of the business cycle when economic activity is slowing down. contraction

When economic activity declines for a period of 6 months or more. recession

When the business cycle has reached its highest point and contraction is about to occur. Peak or boom

A portion of a corporation is sold in units called… shares

What is credit? Borrowing money to pay for something now, promise to pay back later

A record of what you earn & spend. budget

Money left over after paying taxes Disposable income

Money left over after paying for necessities. Discretionary income

Contraction or Expansion If delayed deliveries are increasing, the economy in a period of… expansion

Contraction or Expansion If the money supply is decreasing, the economy is a period of… contraction

Contraction or Expansion If economists are worried about inflation, the economy is in a period of… expansion

Economic indicators that gauge whether consumers feel good about the economy. Consumer confidence

The total retail value of all goods and services produced in a nation in a given year. GDP – Gross domestic Product

Increase or Decrease If the Federal Reserve lowers the reserve requirement, what effect will this have on the money supply? Increase

Increase or Decrease If the Federal Reserve lowers the discount rate, what effect will this have on the money supply? Increase

Increase or Decrease If the Federal Reserve sells securities on the open market, what effect will this have on the money supply? Decrease

Inflation or Recession If the Federal Reserve buys securities on the open market, what economic problem are they trying to solve? Recession

Inflation or Recession If the Federal Reserve raises the discount rate, what economic problem are they trying to solve? Inflation