The central bank of the United States, often called “the Fed,” responsible for monetary policy.
Federal Reserve
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15
Define "inflation target"
The specific rate of inflation that a central bank aims to maintain for price stability.
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10
True or false: A fiscal adjustment means increasing debt.
False (fiscal adjustment = reducing debt/deficits, not increasing them)
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15
True or false: Core inflation includes food and energy prices.
False (core inflation excludes food and energy)
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15
The supply of available workers and the demand for employees, determining wages, employment, and job opportunities.
labour market
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15
Define "cause a recession"
To trigger a period of economic decline marked by falling output, rising unemployment, and reduced spending.
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banana
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gift
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rocket
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banana
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monster
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seesaw
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rocket
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baam
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15
The main financial authority of a country that manages monetary policy, issues currency, and regulates banks.
central bank
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monster
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gold
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fairy
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lifesaver
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15
A request submitted to a lender for a loan to buy real estate, including details of income, debt, and credit history.
mortgage application
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Fiscal adjustment
Changes in government spending or taxation aimed at reducing deficits and debt.
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baam
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star
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shark
Other team loses 20 points!
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baam
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10
Define "GDP"
Gross Domestic Product — the total value of all goods and services produced in a country in a given period.
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15
Define "rate cuts"
Instances when a central bank lowers interest rates.
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15
The financial capacity of a government to increase spending or reduce taxes without jeopardizing its long-term fiscal sustainability or economic stability.
