Chapter 15 Vocabulary - Political Science: An Introduction

Emergency government loan to save firm from collapse.

Cutting government spending

Influence of politics and economy on each other; what government should do in the economy.

What a government tries to do; the choices it makes among alternatives

Emergency government loan to save firm from collapse.

Cutting government spending

Influence of politics and economy on each other; what government should do in the economy.

What a government tries to do; the choices it makes among alternatives

Emergency government loan to save firm from collapse.

Cutting government spending

Influence of politics and economy on each other; what government should do in the economy.

What a government tries to do; the choices it makes among alternatives

Emergency government loan to save firm from collapse.

Cutting government spending

Influence of politics and economy on each other; what government should do in the economy.

What a government tries to do; the choices it makes among alternatives

Tendency of economy to alternate between growth and recession over several years.

Period of economic decline; a shrinking GDP.

A general, overall rise in prices.

“The Fed”; U.S. central bank that can raise and lower interest rates.

Tendency of economy to alternate between growth and recession over several years.

Period of economic decline; a shrinking GDP.

A general, overall rise in prices.

“The Fed”; U.S. central bank that can raise and lower interest rates.

Tendency of economy to alternate between growth and recession over several years.

Period of economic decline; a shrinking GDP.

A general, overall rise in prices.

“The Fed”; U.S. central bank that can raise and lower interest rates.

Tendency of economy to alternate between growth and recession over several years.

Period of economic decline; a shrinking GDP.

A general, overall rise in prices.

“The Fed”; U.S. central bank that can raise and lower interest rates.

The value of what a country exports compared with what it imports.

Dollar buys set amounts of foreign currencies.

Dollar buys varying amounts of foreign currencies, depending on market for them.

Combination of slow growth plus inflation in the U.S. economy in the 1970s.

The value of what a country exports compared with what it imports.

Dollar buys set amounts of foreign currencies.

Dollar buys varying amounts of foreign currencies, depending on market for them.

Combination of slow growth plus inflation in the U.S. economy in the 1970s.