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6 Cards in this Set
- Front
- Back
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Business cycle
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the short run alterations between economic downturns => recessions => depressions => expansion
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Unemployment
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the number of people who are actively looking for work.
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Labor force
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sum of employment and unemployment
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Underemployment
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discouraged workers
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Monetary policy
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type of stablization policy that involves changes in the quantity if money in circulation or in interest rates or both.
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Fiscal policy
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type of stabalization policy that involves changes in taxation or in gov. Spending or both.
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