Term
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Definition
| A decrease in the general price level |
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Term
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Definition
| The movement of an economy from one condition to another and back again |
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Term
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Definition
| Spending by businesses for items such as land, buildings, and equipment |
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Term
| Gross Domestic Product (GDP) |
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Definition
| The total value of all final goods and services produced in a country in one year |
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Term
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Definition
| Government spends less that it takes in |
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Term
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Definition
| A phase marked by a long period of high unemployment, weak consumer sales, and business failures |
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Term
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Definition
| Represents debt for an oragization |
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Term
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Definition
| Salaries and wages as well as investment income and government payments to individuals |
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Term
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Definition
| TheGDP divided by the total population of a country |
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Term
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Definition
| Production output in relation to a unit of input such as a worker |
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Term
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Definition
| The phase in which unemployment decreases, demand for goods and services increases, and GDP begins to rise |
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Term
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Definition
| An increase in the general price level |
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Term
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Definition
| Represents ownership in a corporation |
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Term
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Definition
| Government spends more than it takes in |
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Term
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Definition
| The portion of people in the labor force who are not working |
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Term
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Definition
| The sales of durable and nondurable goods bought by consumers |
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Term
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Definition
| A period in which unemployment is low, businesses produce many goods and services, and wages are good |
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Term
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Definition
| A number that compares prices in one year with some earlier base year |
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Term
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Definition
| A period in which demand, production, and GDP growth decrease and unemployment begin to rise |
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Term
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Definition
| The total amount owed by the federal government |
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