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5 Cards in this Set
- Front
- Back
Business Cycle |
The cycle of fluctuations (recession, trough, recovery, expansion) in the economy that occur at irreqular intervals.
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Discount Rate
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The reduced interest rate the Fed charges private banks when they borrow money; another way in which the Fed controls the money supply.
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Economic Indicators
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Measurements of the economy's rate of growth against other years; examples are the GDP, GNP, unemployment rate, and inflation.
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Expansion
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Period that occurs if the economy grows beyond former peak levels
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Federal Reserve (the Fed) |
U.S. central banking system
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