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7 Cards in this Set
- Front
- Back
Animal Spirits
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what determines the autonomous level of business investment according to John Meynard Keynes
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Creeping Socialism
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gradual loss of economic freedom to government
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Fool in Shower
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Milton Friedman's metaphor for the destabilizing effects of monetary policy
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Misery Index
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The inflation rate added to the unemployment rate
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Stagflation
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High inflation coupled with high unemployment
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Twin deficits Anomaly
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Government Spending>Taxes = Imports>Exports
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Zombie S&L
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an insolvent thrift which continues to operate
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