A.P. Government19 cards

Tagged as: business, government, french, language, economics, nursing, finance

 copy deck Copy deck

1

Business Cycle

fluxctuations between expansions and ression that are part of the modern cpatialst economy

2

laisse-faire

a french term meaning "to allow to do, to leave alone." It is a hands-off governmental policy that is based on the belife that governmet involvement in the economy is wrong

3

interventionalist state

alternitiave to the lassiez-fare state; the government takes an active role in guiding and managing the private economy

4

economic regulation

government regulation of buisness practices, industry rates, routes, or areas serviced by particular industries

5

social regualtion

government regulation of the quality and safety of products as well as the conditions under which goods and services are produced

6

deregulation

a reduction in market controls (such as price fixing, subsdidies. or controls on who can enter the feild) in favor of market-based competition

7

economic stability

a situation in which there is economic growth, rising national income, high employment and steadies in the general levels of prices

8

inflation

a rise in the general price levels of an economy

9

recession

a short term decine in the economy that occurs a investment sags, production falls off, and unemployment increases.

10

Monetary Policy

a form of government regulation in which the nation's money supply and intrest rates are controled

11

money

a system of exchange for goods and services that incude currency, coins, and bank deposites

12

Board of governors

In the Federal Reserve System, a seven member board that sets member bank's reserve requirements, controls the discount rate, and makes other economic decisions

13

reserve requirements

government requirements that a portion of member bank's deposits must be retained to back loans made

14

discount rate

the rate of interest at which member banks can borrow money from the regional federal reserve bank

15

open market operations

the buying and selling of government securities by the federal reserve bank in the securities maret

16

fiscal policy

federal government policies on taxes, spendiing, and debt management, intended to promote the nation's macroeconomic goals, particuarly with respect to employment, price stability, and growth

17

protectionism

governmental intervention to set up barries to internationa trade, such as tarrifs or restrictions on the quantity of imports, in order to protect domestic industry from foreign competition

18

gross domestic poduct (GDP)

the total market value of all goods and services produced in a country during a year

19

federal budget deficit

the amount by which federal expenditure exceeds federal revenue