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☆☆☆☆☆Cards in this guide (21)
How do banks earn a profit from lending money to their customers
by charging interest rate
When does the government assume an expansionary fiscal policy position
when it is weak
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+
Which of these government securities cannot be publicly traded
U.S. savings bonds
Which of these does not describe the Labor Management Reporting and Disclosure Act
It clearly defines the democratic procedures unions must adopt.
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 of these government securities pay a fixed rate of interest every six months until they mature at thirty years
treasury bonds
Which of these would not be a possible result of low interest rates
people may be reluctant to borrow
When firms begin to pay higher wages to keep their current employees and attract new employees what happens as a result of the increased wages
Prices of goods and services increase, leading to an economic slowdown.
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
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 terms best describes an individual who owns a business
sole proprietor
What institution is responsible for conducting monetary policy
federal reserve system
The response of businesses and individuals to fiscal policy changes is related to which of these
the amount of funds government is spending
Which point in the business cycle has the greatest economic activity
Peak a+
Which economists published the Tableau économique
François Quesnay
Which of these was the first union with characteristics as we know them today
American Federation of Labor A+
Which of these does not describe a weak economy
The government will assume a contractionary fiscal policy position.
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