revenue - money made by businesses from the purchase of goods and services, expenditures - payments made by households for the purchase of goods and services, income - the money made by households for the sale of resources to businesses, inflation - an upward movement of prices for goods and services in an economy over a sustained period of time , resource market - where productive resources are sold by households to businesses, product market - where goods and services are sold by businesses to households, costs - payments made by businesses for the purchase of resources, consumer price index - tool used to measure the average change in prices of goods and services over a period of time, interest - fee paid to lenders from borrowers for receiving a loan , deposits - money put into a bank account by a saver, borrowers - people that take out loans from a bank, withdrawals - money taken out of a bank account by a saver, Federal Reserve - the central bank of the United States, loans - money borrowed from a bank to purchase goods and services, interest rate - additional percentage of money paid back to a bank for receiving a loan, money supply - total amount of money in circulation in a country,

Macroeconomics Part 1 Vocab

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