Productivity would likely increase as a result of

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

Deflation results in lower buying power of money.

When consumers increase their borrowing, interest tends to decline

Lower spending would most likely cause a budget surplus for the government.

In the early 2000's the United States experiences a DEPRESSION in the economy.

Which of these is a capital project?

The total amount owed by the federal government is called the National debt

A period in which unemployment is low, businesses produce many goods and services and wages are good.

If you deposit $1000 in a savings account, what is the bank going to do with your money?

The more goods and services that are produced the healthier the economy.

All of the following are goods with the exception of

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

The unemployment rate would most likely be at it's lowest during the ____________ phase.

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

Mortgages involve

The purchase of stock will give you ownership in a company.

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

The economic trouble of the 1930's came as a result of the _____________ of 1929

Interest rated in the United States are controlled by