Chapter 6 Flashcards
1
Q
Business Flucuations
A
increases and decreases in economic activity
2
Q
Consumption
A
Private spending on finished goods
3
Q
Investment
A
private spending on tools, plant and equipment
4
Q
Government Purchases
A
spending by all levels of government on finished goods or services
5
Q
Net exports
A
the value of exports minus the value of imports
