Money Flashcards
1
Q
Consumer Price Index
A
Measure of inflation, the change in cost of buying goods and “national value of moneys
2
Q
Monetarism
A
Idea that money supply keeps the national economy healthy and that the circulation of money leads to inflation
3
Q
Federal reserve system
A
Regulates bank loans and in turn the money supply, created by Congress
4
Q
Keynesian Economic Theory
A
Theory that government spending and deficit stimulates the economy
5
Q
Supply Side Economics
A
Reaganomics concept of cutting taxes and removing government involvement to stimulate the economy
6
Q
Relative Deprivation
A
An individuals perception that they are not financially stable in comparison to others
