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Term1/20
What are expressed powers
Definition1/20

Expressed powers are powers written down for Congress in the Constitution.

Term1/20
Which of these was not a right given by the National Industrial Recovery Act and the National Labor Relations Act
Definition1/20

the right to work

Term1/20
Which governmental organization currently serves as the central bank of the US
Definition1/20

sloppy but crack

Term1/20
Which of these is centered on aggregate demand
Definition1/20

Fiscal policy is centered on aggregate demand.

Term1/20
Which of these does not describe the Labor Management Reporting and Disclosure Act
Definition1/20

It clearly defines the democratic procedures unions must adopt.

Term1/20
Which type of tax is imposed on those who inherit assets from a deceased person
Definition1/20

inheritance tax

Term1/20
Which economic trend might happen as a result of abnormal weather such as drought or flooding
Definition1/20

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

Term1/20
Which of these terms refers to the amount of money loaned to consumers and businesses
Definition1/20

credit

Term1/20
Which of these describes the economic recovery period in the business cycle
Definition1/20

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

Term1/20
What powers are often controversial because they are based on interpretation
Definition1/20

implied

Term1/20
Which pioneer in the automobile industry implemented the modern version of the assembly line
Definition1/20

henry ford

Term1/20
What institution is responsible for conducting monetary policy
Definition1/20

federal reserve system

Term1/20
Which point in the business cycle has the greatest economic activity
Definition1/20

Peak a+

Term1/20
Which phase in the business cycle occurs when the GDP increases and the amount of and services produced increases
Definition1/20

Expansion

Term1/20
Which piece of legislation was provided a standard to measure overtime pay and prohibited the process of oppressive child labor
Definition1/20

Fair Labor Standards Act A+

Term1/20
A shortage of a natural resource can lead to which phase in the business cycle
Definition1/20

recession

Term1/20
The purchase of items such as diamonds furs and excessively large homes for the purpose of showing financial wealth is an example of which of these
Definition1/20

conspicuous consumption A+

Term1/20
What of the following study business cycles in order to help them minimize recessions and prevent booms from becoming too large
Definition1/20

Government agencies.

Term1/20
What of these points in the business cycle creates excitement and wealth but can also lead to deeper recessions after it ends
Definition1/20

boom A+

Term1/20
Which of these does not describe a weak economy
Definition1/20

The government will assume a contractionary fiscal policy position.

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Cards in this guide (20)
What are expressed powers

Expressed powers are powers written down for Congress in the Constitution.

Which of these was not a right given by the National Industrial Recovery Act and the National Labor Relations Act

the right to work

Which governmental organization currently serves as the central bank of the US

sloppy but crack

Which of these is centered on aggregate demand

Fiscal policy is centered on aggregate demand.

Which of these does not describe the Labor Management Reporting and Disclosure Act

It clearly defines the democratic procedures unions must adopt.

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

inheritance tax

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

credit

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

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

What powers are often controversial because they are based on interpretation

implied

Which pioneer in the automobile industry implemented the modern version of the assembly line

henry ford

What institution is responsible for conducting monetary policy

federal reserve system

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

Which piece of legislation was provided a standard to measure overtime pay and prohibited the process of oppressive child labor

Fair Labor Standards Act A+

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

recession

The purchase of items such as diamonds furs and excessively large homes for the purpose of showing financial wealth is an example of which of these

conspicuous consumption A+

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

Government agencies.

What of these points in the business cycle creates excitement and wealth but can also lead to deeper recessions after it ends

boom A+

Which of these does not describe a weak economy

The government will assume a contractionary fiscal policy position.

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