Cards in this guide (22)
What technology do lawyers use
Computers, telephones, internet, and other office technology but
they probably also use cars, planes and household technologies
What is the crowding-out effect
A situation when increased interest rates lead to a reduction in
private investment spending such that it dampens the initial
increase of total investment spending is called crowding out
effect
An accurate statement about achieving a balanced budget would be that
most states require a balanced budget for state spending
Which of the following is an argument in favor of lowering the levels of personal income tax
consumers will spend more money in the market.
Which of the following tools is an example of monetary policy
the government restricts the amount of money that banks can
lend.
A supply-side economist would be in favor of what
Who believed that the government should influence the economy
The federal budget is put together
by congress and the whitehouse
In the United States what does the general level of a family's income have to do with the amount of cash the family is likely to hold
In America, it is accepted that the more money someone makes,
the more they should have in savings or invested. This may not
always be the case, but it is believed to be.
When the Fed buys government bonds and other securities on the open market
What is the abbreviation for the research arm of the federal reserve
FAC (Federal Advisory Councel)
Which of these statements is fundamental part of keynesian economics
The government can use deficit spending to increase aggregate
demand and pull the economy out of recession.
How do you change federal funds rate
The federal funds rate is the interest rate banks charge on
loans in the federal funds market. The federal funds rate is not
set administratively by the Fed. Instead, the rate is determined by
the supply of reserves relative to the demand for them.
How much did the French government spend servicing it's debt in 1789
20 trillion american dollors in debt.
What does a fractional reserve banking system mean
ensures growth in the economy
What can be expected when members of the baby boom generation begin to retire in large numbers
The federal budget process begins with
What is the federal reserve best known for
For regulating the nations money supply
Who appoints the members of the Board of Governors of the Federal Reserve
If the Fed were to impose a slight increase in the required reserves ratio there would be .
If the Fed were to impose a slight increase in the required
reserves ratio, there would be _____.
After the fall of the economy in 1929, what did classical economists believe to be the solution to the Great Depression
wait for the economy to achieve equilibrium
The Laffer curve predicts the effects of changes in the tax rate on which of the following