UNIT 4 & 5 REVIEW GAME

Personal Finance & Review

1 2 3 4 5

Business Cycle 1 2 3 4 5

Personal Finance 1 2 3 4 5

Economic Indicators

1 2 3 4 5

Federal Reserve 1 2 3 4 5

Association of workers organized to improve wages and working conditions for its

members.

Labor Union

When a neutral person steps in and tries to get both sides to reach an

agreement.

mediation

A movement to educate buyers about the

purchases they make and to demand better and

safer products.

consumerism

Using $ to earn $ later.

Investment

What is a CD?

Certificate of deposit

Portion of the business cycle when millions are

out of work, many businesses fail, and the economy operates at far

below capacity. depression

Portion of the business cycle un which economic activity slowly increases.

expansion

Portion of the business cycle when economic

activity is slowing down.

contraction

When economic activity declines for a period of 6

months or more.

recession

When the business cycle has reached its highest point and contraction is

about to occur.

Peak or boom

A portion of a corporation is sold in units called…

shares

What is credit?

Borrowing money to pay for something now,

promise to pay back later

A record of what you earn & spend.

budget

Money left over after paying taxes

Disposable income

Money left over after paying for necessities.

Discretionary income

Contraction or ExpansionIf delayed deliveries are increasing, the economy

in a period of…

expansion

Contraction or ExpansionIf the money supply is

decreasing, the economy is a period of…

contraction

Contraction or ExpansionIf economists are worried

about inflation, the economy is in a period

of…

expansion

Economic indicators that gauge whether

consumers feel good about the economy.

Consumer confidence

The total retail value of all goods and services

produced in a nation in a given year.

GDP – Gross domestic Product

Increase or DecreaseIf the Federal Reserve

lowers the reserve requirement, what effect

will this have on the money supply?

Increase

Increase or DecreaseIf the Federal Reserve

lowers the discount rate, what effect will this have

on the money supply?

Increase

Increase or DecreaseIf the Federal Reserve sells securities on the

open market, what effect will this have on the

money supply?Decrease

Inflation or RecessionIf the Federal Reserve buys securities on the

open market, what economic problem are they trying to solve?

Recession

Inflation or RecessionIf the Federal Reserve

raises the discount rate, what economic problem

are they trying to solve?

Inflation