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5 Cards in this Set

  • Front
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mixed economy
an economic system in which the government is deeply involved in economic decisions through its role as regulator, consumer, subsidizer, taxer, employer, and borrower.
consumer price index
the key measure of inflation that relates the rise in prices over time.
laissez-faire
the principle that government should not meddle in the economy.
monetary policy
based on monetarism, monetary policy is the manipulation of the supply of money in private hands by which the government can control the economy.
monetarism
an economic theory that the supply of money is key to a nation's economic health. Monetarists believe that too much cash and credit in circulation increase inflation.