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Economics

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Clark Rosenbaum

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โˆ™ 2021-10-27 18:35:43
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Cards in this guide (28)
What is collective bargaining

a process in which union and company representatives meet to negotiate a new labor contract

What happens in collective bargaining?

representatives of unions and companies negotiate new labor contracts

What is an examlpe of an implied power

the best example of implied power? the best example of implied power?

Which organization merged with the AFL in 1955

CIO A+

How do banks earn a profit from lending money to their customers

by charging interest rate

Which of these describes what maturity means with regard to securities

the set date upon which the treasury agrees it will pay back the loan plus the interest amount A+

What occurs during the decline of prices due to insufficient money supply

deflation

Which of these government securities cannot be publicly traded

U.S. savings bonds

When do Treasury bills mature

in one year or less

Which of these federal institutions carries the responsibility of managing the process of borrowing money by issuing bonds and notes

Department of the Treasury

Which type of tax is imposed on those who inherit assets from a deceased person

inheritance tax

Which of these government securities pay a fixed rate of interest every six months until they mature at thirty years

treasury bonds

When consumers have more disposable income and they are willing to pay higher prices for goods this drives up the prices in the market and causes a devaluation of the money supply which refers to wh

inflation

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

lowering intrest rates (A+(

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.

If money supply growth exceeds the growth of the overall economy what will be the result

inflation

Which of these terms refers to the amount of money loaned to consumers and businesses

credit

What terms refers to the adjustment of an economy's money supply by a central bank in order to maintain price stability lower unemployment and ensure economic growth

Monetary policy

What defines aggregate demand

the total demand for final goods and services in the economy

What institution is responsible for conducting monetary policy

federal reserve system

What describes a contractionary fiscal policy position

The government spends less money than it earns by cutting its spending or by raising taxes. A+

Which of the following best describes expressed powers

they are specifically written in the constitution, giving the federal government authority.

What is the rate called where The Federal Reserve can control the supply of money by adjusting the interest rate it charges the borrowers.

discount rate

Which point in the business cycle has the greatest economic activity

Peak a+

Which phase in the business cycle occurs when the GDP increases and the amount of and services produced increases

Expansion

If military servicemen are out of the country during an election how can they participate in the voting process

A+ = They can fill in and return an absentee ballot.

If strikes threaten national health or security the Taft-Hartley Act gives the executive branch of the Federal Government the right to break the strikes with what

80-day court injunctions

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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