| A | B |
|---|
| Federal Reserve Bank | the central bank of the United States |
| economics | social science that studies the allocation of resources in a society |
| scarcity | not enough to go around |
| utility | the amount of satisfaction you get from having something |
| market | the kind of economy we have in the US |
| usually it's elastic | demand |
| supply | the amount of goods a business will sell at a certain price |
| consumers | individuals who participate in an economy |
| promoting safety and stability | an economic role of government |
| inflation | rising prices |
| recession | two quarter negative economic performance |
| fiscal policy | government uses taxes and incentives |
| monetary policy | government changes the money supply |
| business cycle | business performance goes up and down |
| GDP | value of all goods and services produced in a country |
| $14 trillion | the GDP of the United States |
| 80% | the unemployment rate in Zimbabwe |
