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17 Cards in this Set
- Front
- Back
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national debt
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amount if money owed by the government
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budget deficit
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government spends more $ then it takes in
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bond
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debt for an organization
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stock
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ownership in a corporation
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scarcity
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not enough resources
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budget surplus
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government spends less then takes in
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capital projects
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business spending
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deflation
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decrease in prices
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price index
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compares price from one year to the next
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inflation
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increase in prices
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recovery
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unemployment decrease
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depression
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high unemployment
weak sales business failure |
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recession
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demand decrease
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prosperity
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wanting to work or are working
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business cycle
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the economy goes from one condition to another and back again
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retail sales
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sale of durable and non durable goods bought by consumers
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services
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activity to satisfy others
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