Generally speaking a mixed economy is one where the government
has controls over private industry through various types of
regulations. One example is the setting of the minimum wage. For
the most part a mixed economy does not require the government to
actually own any of the means of production. Also, a mixed economy
creates "authorities" to operate tunnels, bridges and airports.
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Term1/6
How could the federal reserve encourage banks to lend out more of their reserves
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Definition1/6
By reducing the discount rate
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Term1/6
What is the total amount of goods and services in the economy available at all possible price levels called
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Definition1/6
aggregate demand.
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Term1/6
What changes were made to the Federal Reserve system in 1935
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Definition1/6
The federal reserve system was given more centralized power
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Term1/6
Suppose a bank has 500000 in deposits a required reserve ratio of 5 percent and bank reserves of 100000 Then the bank can make new loans in the amount of how much
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Definition1/6
required reserves is 25,000. the bank has excess reserves of
75,000, they can loan out everything but the required reserves
so assuming they have no loans, they can loan up to 475,000.
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Term1/6
What is the abbreviation for the research arm of the federal reserve
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Definition1/6
FAC (Federal Advisory Councel)
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Cards in this guide (6)
What is a mixed economy
Generally speaking a mixed economy is one where the government
has controls over private industry through various types of
regulations. One example is the setting of the minimum wage. For
the most part a mixed economy does not require the government to
actually own any of the means of production. Also, a mixed economy
creates "authorities" to operate tunnels, bridges and airports.
How could the federal reserve encourage banks to lend out more of their reserves
By reducing the discount rate
What is the total amount of goods and services in the economy available at all possible price levels called
aggregate demand.
What changes were made to the Federal Reserve system in 1935
The federal reserve system was given more centralized power
Suppose a bank has 500000 in deposits a required reserve ratio of 5 percent and bank reserves of 100000 Then the bank can make new loans in the amount of how much
required reserves is 25,000. the bank has excess reserves of
75,000, they can loan out everything but the required reserves
so assuming they have no loans, they can loan up to 475,000.
What is the abbreviation for the research arm of the federal reserve