The USeconomy Has Experienced Alternating Periods of Expansion and Contraction in in Economic

question 51

True/False

The U.S.economy has experienced alternating periods of expansion and contraction in economic activity relative to its long-term growth trend in the economy.These are called economic fluctuations or business cycles.

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Definitions:

Issuing Federal Reserve Notes

The process by which the Federal Reserve, the central banking system of the United States, distributes its official currency.

Money Market Mutual Funds

Investment funds that pool money from investors to purchase short-term, high-quality debt securities as a way to offer returns with minimal risk.

Bank Deposit Rates

The interest rate paid by banks to depositors for keeping their money in savings accounts, fixed deposits, or other types of deposit accounts.

1970s

Refers to the decade from 1970 to 1979, characterized by significant political, social, economic, and cultural shifts worldwide.