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10 Cards in this Set

  • Front
  • Back
Business Cycle
The alternating periods of economic expansion and recession.
Capital
Manufactured goods used to produce goods and services
Crowding out
When private expenditures are lessened due to increased government spending.
Financial Intermediaries
Firms such as banks, mutual funds, pension funds or insurance companies that borrow funds from savers and lends them to borrowers.
Financial Markets
Markets where financial securities like stocks are bought and bought and sold.
Financial Systems
The system of financial markets and financial intermediaries through which firms acquire money from households.
Long-run economic growth
When an increase in productivity economy allows the standard of living to increase.
Market for loanable funds
The interaction between borrowers and lenders that determines the rate of interest and the quantity of loanable funds exchanged.
Potential GDP
The GDP of a company that can be made when working during full capacity.
Labor Productivity
The quantity of goods + services produced by one worker or an hour of work.