Jargon 2 Flashcards
(52 cards)
The present discounted value of future cash stream generated by a bond
Bond prices
The amount of return an investor realizes on a bond
“Profit”
Bond yields
The amount by which the government expenditures exceed its receipts during a specific period of time, usually a year
Budget deficit
An excess of government revenues over government expenditures in a given period
Budget surplus
Federal agency trusted with printing currency in the US
Bureau of printing and engraving
Alternating periods of economic growth and retraction
Business cycle
The amounts of all products available to sell to other businesses or a consumer
Business inventories
A bank for all banks. America’s is the federal reserve system
Most important function of the Federal Reserve is to conduct monetary policy for the US
Central bank
a federal agency within the legislative branch of the government that provides budget and economic information to congress
The Congressional budget office
Money in advance to customers to purchase goods or services
Consumer credit
Deliberate changes in government spending and net tax collection to affect economic output, unemployment, and the price level
Expansionary and contradictory fiscal policy
Changes in the money supply to fight recessions or inflation directly and purposefully affects interest rates
Contractionary/expansionary monetary policy
And agency within the executive office of the US that advises the president on economic policy. Provides much of the objective empirical research for the White House
Council of economic advisers
A measure of changes in the average price of consumer goods and services
CPI
An explicit, legislated limit on the amount of outstanding national debt
Debt ceiling
Elements of the federal budget not determined by past legislative or executive commitments
Discretionary spending
After-tax income of households
personal income - personal taxes
Disposable income
Non-discretionary spending on programs such as Social Security, Medicare, food stamps, unemployment insurance, etc.
Entitlements
Government corporation providing insurance to depositors in US banks, ensures them up to $250,000
Federal depositors insurance Corporation
The interest rate for interbank reserve loans
Federal funds rate
A tax levied by the United States internal revenue service on the annual earnings of individuals, corporations, trusts and other legal entities
Federal income tax
A committee of the federal reserve board that meets regularly to set monetary policy, including the interest rates that are charged to banks
Federal open market committee
The central bank for the United States, trusted with conducting monetary policy in this country
Federal reserve bank
The value of total market output produced at full employment
Full employment GDP
