1. California Economic Standards
They cost lots of money because there is not enough for everybody to go around. ... The FED can buy or sell bonds and they can also decide if they want to print more money. ... Inflation is when the price of a product increases within a year, what would have bought you a soda with 1 dollar, a year later for the same soda it would cost you $1.50. ... The rate of economic growth is when real GDP is increasing. ... When speaking about Short-term interest it means like if you go to a bank, you deposit money and they will give you a little interest back for having your money in their bank. ...
- Word Count: 1180
- Approx Pages: 5
- Grade Level: High School