Flashcards

the part of economics concerned with large-scale or general economic factors, such as interest rates and national productivity

the part of economics concerned with single factors and the effects of individual decisions

a cycle or series of cycles of economic expansion and contraction

Cash transfers are direct transfer payments of money to eligible people

reduction of the general level of prices in an economy

a general increase in prices and fall in the purchasing value of money

a long and severe recession in an economy or market

a policy or attitude of letting things take their own course, without interfering