Word Bank
Laissez-faire
Short term stimulus
Government and consumer
spending
Long term solutions
Target inflation
Reduce borrowing
Cause of recession: lack of
money in circulation, too
much money in circulation
Herbert Hoover, trickle-down
economics
Individual demand
Supply-side can’t increase
demand
Self-interest
Demand-side economics
Barack Obama, stimulus
package and bank bailout
Invisible hand
Economic stability
FDR, New Deal package
Federal Reserve
Free market policies
Adam Smith
Supply-side economics
Money supply
Thomas Malthus
Aggregate demand
Cause of recession:
insufficient aggregate
demand
Wage control, price control
Consumer spending
Business investment
Classical
Cause of recession: events
outside the market
Keynesian
Monetarism