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13 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Stagflation |
A state of the economy in which stagnant demand is accompanied by severe inflation Iain Norman Macleod 1965 |
Stag FLATION |
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CCC |
Civilian Conservation Corps Camp David Thurmont Maryland |
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TVA |
Tennessee Valley Authority Browns Ferry Nuclear power plant Athens Alabama |
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WPA |
Work in Process Administration Balboa Park Home of Champions San Diego |
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PWA |
Public Works Administrative Triborough Bridge New York |
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OPEC |
Organization of the Petroleum Exporting Countries
Algeria Angola Ecuador Indonesia Iran Iraq Kuwait Libya Nigeria Qatar Saudi Arabia United Arab Emirates Venezuela |
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Recessionary gap |
Actual GDP< Potential Unemployment> Natural Rate Jobseekers>Job openings |
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Inflationary Gap |
Actual GDP > Potential Unemployment>Natural Rate 5% Job seekers < job openings |
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Aggregate Demand equation |
AD= C+I+G+NX |
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Twin Evils |
High Unemployment High Inflation |
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Who releases Consumer Confidence Index |
The Conference Board |
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Fiscal |
Of or pertaining to the fisc or treasury of a state or prince; pertaining to the public revenue |
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Supply side policy |
Work more and save more and spend less |
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