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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Term1/5
What are the three ways the Federal reserve can change the money supply
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Definition1/5
The Federal Reserve can change the money supply with 1) open
market operations, 2)making changes in the reserve ratio, and 3)
making changes in the discount rate. Of the three policies the open
market is the most common.
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Term1/5
What are the leading economic indicators supposed to predict
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Definition1/5
business cycles
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Term1/5
Who oversees the federal reserve system
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Definition1/5
Board of Governors
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Term1/5
What is an unitary elastic supply
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Definition1/5
A unitary-elastic supply indicates a good with a supply-price
elasticity of one, which means that a 1% change in price increases
supply by 1%.
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Cards in this guide (5)
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.
What are the three ways the Federal reserve can change the money supply
The Federal Reserve can change the money supply with 1) open
market operations, 2)making changes in the reserve ratio, and 3)
making changes in the discount rate. Of the three policies the open
market is the most common.
What are the leading economic indicators supposed to predict
business cycles
Who oversees the federal reserve system
Board of Governors
What is an unitary elastic supply
A unitary-elastic supply indicates a good with a supply-price
elasticity of one, which means that a 1% change in price increases
supply by 1%.