Macroeconomics final matching (google/investopedia)

  1. The total stock of money in the economy; currency held by the public plus money in accounts in banks.
    Money Supply
  2. A theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
  3. An economic expansion is an increase in the level of economic activity, and of the goods and services available in the market place.
    Fiscal expansion
  4. An economic and political system in which a country's trade and industry are controlled by private owners for profit.
  5. The term business cycle (or economic cycle) refers to economy-wide fluctuations in production or economic activity over several months or years
    Economic flucuation
  6. A curve that shows the quantity of goods and services that firms choose to produce and sell at each price level
    Aggregate demnad shift (curve?)
  7. The amount of money spent by households in an economy
    Consumer Spending
  8. An economic system that includes a mixture of capitalism and socialism. This type of economic system includes a combination of private economic freedom and centralized economic planning and government regulation.
    Mixed economy
  9. A distinguishing symbol, mark, logo, name, word, sentence or a combination of these items that companies use to distinguish their product from others in the market.
    Brand names
  10. Purchasing power of money over goods and services.
    Value of money
  11. An economic theory that states that changes in the aggregate money supply only affect nominal variables, rather than real variables; therefore, an increase in the money supply would increase all prices and wages proportionately, but have no effect on real economic output (GDP)
    Neutrality of money
  12. A type of consumer product that lacks a widely recognized name or logo because it typically isn't advertised. Generic brands are usually less expensive than brand-name products due to the lack of promotions, which can inflate the cost of a good or service. Generic brands are designed to be substitutes for more expensive brand-name goods.
    Generic products
  13. federal income subsidies are provided to persons or families whose income falls below a certain level. Negative income tax (NIT) would allow claimants to receive income through the simple filing of tax returns rather than through the claiming of welfare benefits, ideally eliminating the need for a complex welfare bureaucracy.
    Negative income tax
  14. A marketing process that showcases the differences between products. Differentiation looks to make a product more attractive by contrasting its unique qualities with other competing products. Successful product differentiation creates a competitive advantage for the seller, as customers view these products as unique or superior.
    product differentation
Card Set
Macroeconomics final matching (google/investopedia)
Macroeconomics final matching (google)