| A | B |
|---|
| trust | large group of businesses that benefit from high prices they agree to charge |
| monopoly | a single business with the power to control prices in a market |
| laissez faire | an economic approach in which the government does not interfere with businesses |
| revenue | income |
| 16th amendment | started the collection of income tax |
| tariff | a tax on imports |
| money supply | the amount of money circulating in the economy |
| inflation | a general rise in prices throughout the economy |
| recession | a slowdown in economic activity and production |
| Federal Reserve | the central bank of the United States |
| discount rate | what the FED charges financial institutions for short-term loans |
| reserve rate | amount of money banks are required to have on hand |
| contract | legal agreements |
| self assessment | an awareness of individual talents, interests, and goals |
