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Economics

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Tomasa Crooks

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Cards in this guide (23)
How do banks earn a profit from lending money to their customers

by charging interest rate

Which president signed the Medicare bill into law on July 30 1965

Lyndon B. Johnson

Who provided most charity services to the public in ancient times

churches

Which type of tax can be shifted from one individual to another through the process of increasing the price of the goods sold

indirect tax

Which of these government securities cannot be publicly traded

U.S. savings bonds

What is the term for the decentralized market where currencies are traded

F e m

Which government agency sets wage standards

Department of Labor

What were members of the Democratic-Republican Party also known as

Jefferson Republicans

How did John Maynard Keynes view government's role in the economy

He advocated a strong role of govt. in managing the economy...

Which of these would not be a possible result of low interest rates

people may be reluctant to borrow

Which policy has a more direct influence on the private sector

Monetary policy has a more direct influence on the private sector

Which of these is the primary source of tax revenue for the national government

income tax

Which of these is a possible result of a trade deficit

The country may need to borrow money to make up for the loss in funds.

In the United states which of these are elected indirectly through the electoral college

The President and vice president

Which of these is a social insurance program that pays cash benefits to the aged

social security

What defines aggregate demand

the total demand for final goods and services in the economy

What describes a contractionary fiscal policy position

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

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 of these is not an intrastate tax

federal income tax A+

To what does the term domestic goods refer

goods manufactured outside of the home nation

Which economists published the Tableau économique

François Quesnay

Which of the following is usually a small political party that focuses on one particular issue

Third party

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