| A | B |
|---|
| food stamps | gov't issued COUPONS that can be exchanged for FOOD |
| fiscal policy | use of gov't spending and revenue collection measeure to influence the economy |
| prime rate | best or LOWEST INTEREST RATE commercial banks charge |
| balance of payments | DIFFERENCE between money PAID TO and RECEIVED FROM other NATIONS IN TRADE |
| GDP Gross Domestic Product | dollar value of all final goods services and structures PRODUCED within a country's borders in one year |
| reserve requirement | FORMULA used to compute the AMOUNT a DEPOSITORY institution's REQUIRED RESERVES |
| default | NOT REPAYING money borrowed |
| GNP Gross National Product | largets measure of a NATIONS INCOME - dollar value of all final goods and services with labor and property supplied by a country's residents |
| exports | the goods and services that a nation produces and sells to OTHER NATIONS |
| aggregate supply | total value of GOODS AND SERVICES that all firms would PRODUCE in a specific period of time at VARIOUS PRICE LEVELS |
