Business Cycle, highest point or period of prosperity.

Lowest point

Growth occurs or the GDP goes up.

Activity slows down or becomes smaller.

Government attempt to manage economy through taxing, spending, or borrowing

All the money that has been borrowed over the years, but has not been paid back.

Changing intervals that the economy goes through.

If a person chooses to buy a pair of shoes instead of a new jacket, what does the jacket represent in economic terms?

What is NOT a question every economic system must answer?

In the movie The Lorax, scarcity and opportunity cost where the only Economic concepts that were shown.

Buildings, tools, and computers are a part of what factor of production?

The four types of business are corporation, sole proprietorship, franchise, and what else?

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