Measure of economic activity in a country

The long-run pattern of economic growth and recession

The highest point between the end of economic expanison

Marks the end of declining business activity 

When the economy moves from a trough to a peak

The economy as a whole is in decline

Determines the size and rate of growth of the money supply

Government spending policies that influence macroeconomics conditions  

Tax that takes a large percentage from the income of high icome earners

Tax that takes a larger percentage from lower income earners

Tax system that requires the same percentage of income from all tax payers

Status of financial health which expenditures exceed revenue

The net accumulation of federal budget deficits

The field of economics that studies the behavior of the aggregate economy