BUS 100 BUS100 Week 3 Quiz 3 (STRAYER)

BUS 100 BUS100 Week 3 Quiz 3 (STRAYER)

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BUS 100 Week 3 Quiz 3

1. 

A basic characteristic of _____ is that both producers and consumers are free to make their own economic decisions on many basic issues.

2. 

The federal government runs a budget deficit when its

4. 

_____ means that prices on average are rising.

5. 

Two key phases of the business cycle are

6. 

Changes in the PPI can predict changes in the Consumer Price Index (CPI) because

7. 

_____ measures the total value of all final goods and services produced within a nation’s borders over a given period of time.

8. 

In the U.S., the control of the money supply is the responsibility of the

9. 

conomics is divided into two core areas of study known as

10. 

In the broadest sense, economics studies the choices that


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