| A | B |
|---|
| prosperity | the state of flourishing, thriving, success, or good fortune |
| recession | a business cycle contraction, a general slowdown in economic activity over a period of time |
| depression | a severe downturn that lasts several years |
| recovery | recovery is the end of recession or decline |
| inflation | is a rise in the general level of prices of goods and services in an economy over a period of time |
| delation | A decline in general price levels, often caused by a reduction in the supply of money or credit |
| GDP | gross domestic product |
| GDP per capita | an approximation of the value of goods produced per person in the country, equal to the country's GDP divided by the total number of people in the country |
| unemployment rate | An approximation of the value of goods produced per person in the country, equal to the country's GDP divided by the total number of people in the country |
| productivity | the rate at which goods or services are produced especially output per unit of labor; includes equipment, technology, training, and management. |
| consumer spending | good and services bought by households in the satisfaction of their needs and wants |
| retail sales | the sale of goods or commodities in small quantities directly to consumers |
| personal income | an individual's total earnings from wages, passive enterprises, and investment interest and dividends |
| capitol project money | comes from personal savings, the stock market, and the bond market |
| budget deficit | what happens if the government spends more money than it collects |
| buying power | the value of money, as measured by the quantity and quality of products and services it can buy |
| prime rate | the interest rate that commercial banks charge their most creditworthy borrowers, such as large corporations |
| discount rate | an interest rate a central bank charges depository institutions that borrow reserves from it |
| T-Bill rate | the yield for short-term (13 weeks) government debt |
| treasury bond rate | the yield for long-term government debt |
| mortage rate | the amount borrowers pay for home loans |
| corporate bond rate | the cost of loans for large US corporations |
| certificate of deposit rate | paid for deposits for a period of time ( 6, 12, or 18 months) |
| higher interest rates | usually means higher business costs |
