Cards in this guide (26)
Which of the following most accurately explain why commodity money has value
Commodity money is a good that can be used as a medium of
exchange or for some other purpose.
Why is the willingness to pay more for goods and services destructive to the nation's economy
it drives up prices and causes money to loss value.
Which of these does not describe representative money
it only has value because the government says it does
Which of these was not brought about by the passage of the National Bank Acts of 1863 and 1864
the creation of a centralixed bank of the United States
Which of these was created from the Glass-Steagall Act of 1933 after the Great Depression
Federal Deposit Insurance Corporation
Which of these led to the Panic of 1907
an increase in bank runs due to a lack of confidence in the banking system
Why is deflation destructive to the nation's economy
Not enough money is spent to keep business activity moving
Which of these does not accurately describe the Free Banking Era
The number of banks grew rapidly,but many failed
The U.S. economy experience a period of rapid growth and
prosperity. (A+)
-Hailey
Which factor of production includes such things as machinery and buildings used in the production of other goods
What are the main sources of capital for the national state and local governments
What does the Federal Deposit Insurance Corporation do
It acts as an insurer of bank customer deposits. A+
How many nationwide districts is The Federal Reserve broken down into
The Federal Reserve is broken down into twelve districts.
Which of these occurs when workers collectively agree to stop working
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.
What happens when banks are too lenient in loaning money to consumers and businesses
It causes a boom in spending and production that may not be paid
back.
If money supply growth exceeds the growth of the overall economy what will be the result
What is the term for the federal reserves buying and selling of US treasury bonds
What defines aggregate demand
the total demand for final goods and services in the economy
Which point in the business cycle has the greatest economic activity
What is the National Labor Relations Board responsible for
Overseeing labor union elections and resolving unfair labor
practices in the workplace.
At which level of government is property tax assessed
Which of these is not an intrastate tax
The enactment of the labor management reporting and disclosure act meant that union elections would be open to review by which of the following
Department of labor
Congress
Senate
Department of human relations
A shortage of a natural resource can lead to which phase in the business cycle
What led to the demise of the second bank of the United states
controversy over corruption and political opposition
Which of these was the first union with characteristics as we know them today
American Federation of Labor A+
