Famous Shakespearean Quotes Flash Cards Template Page 2
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30CUT along the dashed lines. FOLD along the solid lines.
The control of the
The control of the entire
entire supply of a
supply of valued goods or
services by one economic actor
valued good or
in a sector of the economy in
service by one
which competition would raise
costs and reduce efficiency
economic actor
Government
Named for British economist
John Maynard Keynes, who argued
that governments can reduce the
budgetary
"boom and bust" cycles of
capitalism via active fiscal
policy
policy, including deficit
spending when necessary
Government
Simultaneous high
spending more than
inflation and
is collected in
high unemployment
revenue
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