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
Which organization merged with the AFL in 1955
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
Which of these government securities cannot be publicly traded
When do Treasury bills mature
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
Which of these government securities pay a fixed rate of interest every six months until they mature at thirty years
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
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
Which of these terms refers to the amount of money loaned to consumers and businesses
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
What defines aggregate demand
the total demand for final goods and services in the economy
What institution is responsible for conducting monetary policy
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.
Which point in the business cycle has the greatest economic activity
Which phase in the business cycle occurs when the GDP increases and the amount of and services produced increases
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
What of the following study business cycles in order to help them minimize recessions and prevent booms from becoming too large
Which of these does not describe a weak economy
The government will assume a contractionary fiscal policy position.