a financial institution State banks Private banks that that is chartered by a states monitor state. Macroeconomics Key Definition What that The total quantity of Aggregate demand goods and services Total demand for a demanded at country different price levels The total value of goods and services Aggregate supply that all firms would Total supply for a produce in a specific country period of time at various price levels Systematic changes in real GDP marked Business cycle The up and down of by alternating business periods of expansion and contraction Funds used by a company to acquire Capital or upgrade physical Money spent to expenditures assets such as improve the business property, industrial buildings or equipment a raw material or Commodity primary agricultural Something that can be product that can be traded bought and sold,
State banks a financial institution that is chartered by a state. Private banks that states monitor Macroeconomics Key Definition What that Aggregate demand The total quantity of goods and services demanded at different price levels Total demand for a country Aggregate supply The total value of goods and services that all firms would produce in a specific period of time at various price levels Total supply for a country Business cycle Systematic changes in real GDP marked by alternating periods of expansion and contraction The up and down of business Capital expenditures Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment Money spent to improve the business Commodity a raw material or primary agricultural product that can be bought and sold, Something that can be traded
econ_key_terms.docx