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Economics

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Kristin Roberts

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βˆ™ 2021-10-17 18:34:15
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Cards in this guide (22)
How are interest rates calculated

Calculating Interest: Principal, Rate and Time are Known--I= p r t

http://www.calculator.net/interest-rate-calculator.html

The level of interest rates in a free market economy are primarily determined by the rate of inflation, the demand for money, and the actions of the Federal Reserve. Lenders of money will generally demand what is known as a nominal interest rate which is equal to a real interest rate plus a premium to cover the inflation rate. The real, or inflation adjusted interest rate, is the percentage rate of return to a lender as measured by an increase in purchasing power.

Yale professor Irving Fisher's economic theory of interest rates laid the conceptual groundwork for establishing that the nominal interest rate equals the real interest rate plus the anticipated rate of inflation. Fisher's mathematical equations in his theory of interest rates are supported by empirical data. A comparison of comparable maturity U.S. Treasury securities, one of which has a fixed rate and the other an inflation adjusted rate, shows that the nominal interest rate always exceeds the real interest rate.

A consumer, whether a borrower or a saver, will generally be quoted a nominal interest rate by a bank on a loan or a savings account.

Who runs unemployment insurance programs

Each state is responsible for and runs its own unemployment insurance program.

Who creates the caps on government borrowing

congress

What occurs when a business and a union agree to arbitration to settle a dispute or to negotiate a contract

they have an objective porfessional third party take part in decisions

Which institution regulates and manages the rules for each unemployment insurance program

department of labor

How does the government most often pay for its deficits

by decreasing spendings

Which of these is not a shared goal of both fiscal and monetary policy

lowering intrest rates (A+(

Which level of government carries most of the burden in paying for education

State and local governments carry most of the burden in paying for education.

What was the first national labor organization in the US

National Labor Movement A+

Which statement describes an expansion

People and businesses consume more products and services.

Which of these is not a cost of recessions

low unemployment

When firms begin to pay higher wages to keep their current employees and attract new employees what happens as a result of the increased wages

Prices of goods and services increase, leading to an economic slowdown.

Which of these factors could immediately throw a country into a recession

natural disaster

Which economic trend might happen as a result of abnormal weather such as drought or flooding

It can lead to negative effects on the economic activity and can even cause a recession.

Which of these are often assessed at a flat tax rate

state corporate income taxes

Which of these describes the economic recovery period in the business cycle

Economic activity is rising above the point of the previous peak.

What sources are most Interstate Highway System funds allocated

fuel taxes

Upon what are changes to the fair labor standards act based

Economic & social needs.

Which point in the business cycle has the greatest economic activity

Peak a+

A shortage of a natural resource can lead to which phase in the business cycle

recession

What of the following study business cycles in order to help them minimize recessions and prevent booms from becoming too large

Government agencies.

Which of these does not describe a weak economy

The government will assume a contractionary fiscal policy position.

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