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Economics

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Omer Bechtelar

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Cards in this guide (18)
What is a strong durable rubber

a goodyear vulcanized tire is a good example of a durable rubber

The idea that too much money in the economy causes inflation

quantity theory: Theory that too much money in the economy causes inflation.

List two forms that technological advancement can take and give an example of each form

Technological advancement can be seen as progress within society. For example, people living better is progress. Another way you can see technological advancement is through the use of advanced devices.

What is one service the fed performs for the treasury department

It processes payments, such as Social Security checks.

What is the function of a bank examiner

to make sure the banks are obeying laws and regulations

Why doesn't the government try to end seasonal unemployment

The government doesn't try to end seasonal unemployment because the jobs are needed. The seasonal peoples employees pay unemployment taxes the same as any other business. The workers should get unemployment just like any one else.

What effect do low interest rates have on business investment

nutsack.

What are the components of business cycle

The components of the business cycle is Prosperity, Recession, and depression.

What terms relates to money and banking

monetary policy
monetary policy

A+

What change in monetary policy could eventually cause overborrowing and overinvestment

a decrease in the money supply

What was the main reason that federalists supported ratification of the constitution

The need for a stronger central government.

How does the bureau of labor statistics determine how the market basket should change over time

by conducting a Consumer Expenditure survey

What is it called when banks record which account gives up mpney and which account receives money when a customer writes a check

Check Clearing

What is the process of increasing the amount of capital used per worker

capital deepening novanet

Which of the following statements concerning price indexes is not accurate

A Price indexes assist the government in making policy decisions

B Price indexes produce an average of prices that economists can compare to earlier averages

C Price indexes assist consumers and businesses in making economic decisions

D price indexes define the cost of goods in the entire economy at a given point in time

In drunken driving cases the police must conduct tests on suspects

fair and safe

Why would you want to create a bar graph from a budget spreadsheet

to see where most of your money is going

Antitrust laws allow the U.S. government to do all of the following except .

stop firms from selling new products

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