Productivity would likely increase as a result of

The phase of the business cycle in which unemployment is the highest is

Deflation is the state in which the prices of products and services go down. This is always a good thing for the economy and its citizens. 

A bear Market is when citizens and businesses are optimistic about spending money

Lower government spending would cause a surplus in the federal budget.

Which of these are characteristics of a capital project?

The total amount owed by the federal government is called the 

Layoffs and a downturn in the economy would likely result in a

Inflation is caused by an increase in demand without an increase in supply

The purchase of stock in a corporation will ...

Interest rated in the United States are controlled by

When consumers, businesses or the government spend more than they receive in income, it is called a .

Larry had $50 to spend. He decided to buy a new video game instead of going to the movies with his friends. Larry's  decision is called 

An ability to produce more goods and services in less time makes it possible to reduce the number of hours in a work week. This is referred to 

___________ is most harmful to people living on fixed income.

The following people are part of the labor force EXCEPT

Which of the following would result in a DECREASE in worker productivity?

The supply and demand for money is NOT a major influence on the level of interest rates

Suppose wages are going up faster than prices. The most likely effect will be that Unemployment will worsen because businesses will tend to hire fewer workers.

If you purchase a corporate or government bond, you are a(n)

The rivalry among businesses to sell their goods and services is known as

What is the first step in the decision-making process?

The economic system that has the greatest freedom of choice is the Market/Mixed economy & is generally in democratic societies

______ is the quantity of a good or a service that a consumer is willing and able to buy at a particular price.

The 3 economic questions:What G & S are to be produced; How will G & S be produced and

Competition helps  (Click all that applies)

Who owns the economic resources in a market economy?

Every nation must decide

When you make an economic choice, the  ____________ is the value of the next-best alternative that you did not choose.