when a product is produced in larger quantities than it is demanded

when a product is demanded in larger quantities than is produced

too much food in the grocery store

When my bank account is full

when the quantity of a product supplied matches the quantity demanded

can be found at the point where the demand curve meets the supply curve

at this point, the producer and the consumer are satisfied with the price of the product and the amount produced

part of the human brain

furnishing new equipment or facilities to support better efficiency

arranging for more training or financial incentives

decreasing employee ratio and giving more responsibilities to remaining employees

asking the employees what to do

Is a measure of an economy’s output or production

Is the total value of goods and services produced within a country’s borders within a specific period of time

Depends on the country

Provides an overall picture of the economy so policymakers and central banks can judge the economy of a country and make predictions for the future

Is the rate of rising prices in a country

Signifies a stable economy when low, but an unstable economy when high

how big you blow up a balloon

when the government raises interest rates to keep people from borrowing money

Is the amount of people without jobs

Means economic decline when high

Means economic expansion when low

The amount of homeless animals on the street.

expansion, peak, contraction, trough

peak, expansion, concept, decline

contraction, peak, expansion, uprise

trough, peak, decline, uprise