Gross Domestic Product (GDP), measures the value of all goods and services in a country, Unemployment Rate, measures the percentage of people who want a job, but cannot find one, Consumer Price Index (CPI), measures the general level of prices for goods, Inflation, occurs when there is too much money in circulation, leading to an overall rise in prices, Recession, occurs when there is not enough money in circulation, leading to a decline in productivity and higher unemployment, Expansionary Policy, government actions designed to allow greater $$$ in circulation to help the economy to grow, Contractionary Policy, government actions designed to reduce the amount of $$$ in circulation and slow the economy down, Fiscal Policy, the use of taxing and spending to influence the economy, Goals of Economic Policy, promote full employment, price stability, and economic growth
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Key Economic Terms
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Danhoffmana
G10
G11
G12
Social Studies
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