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Economics

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Willy Quitzon

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Cards in this guide (15)
How were the colonies transformed into sovereign states

(by forming their own governments)

How do banks earn a profit from lending money to their customers

by charging interest rate

When does the government assume a contractionary fiscal policy position

the government will spend less money than it earns by cutting its spending or raising its taxes

What set the standard for how territories could form state governments and apply for statehood

Northwest Ordinance 1787

Which of these government securities cannot be publicly traded

U.S. savings bonds

When do Treasury bills mature

in one year or less

What served as proof that legal transactions such as the purchase of land had been properly taxed in the late 1800s and early 1900s

Documentary tax stamps served as proof that land had been taxed.

Which term refers to the money that will need to be spent by each agency

expenditures

What best describes market prices that change often and to a great degree with dramatic spikes and plunges

Volatile is the word that best describes market prices that change often and to a great degree with dramatic spikes and plunges.

Which term describes the process of competing against other political candidates to secure the votes of people in a certain region

a campaign

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

In most states who is the executive just below the lieutenant governor

secretary of state

Which point in the business cycle has the greatest economic activity

Peak a+

In the presidential election of 1796 which political party did Thomas Jefferson represent

democratic republican

Which economists published the Tableau économique

François Quesnay

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