GoPo Ch 17 Economic Policy Terms

The economic policy of a floor for the price of labor.

A business organization that has holdings in many nations.

Economic system in which the government is deeply involved in economic regulations & decisions.

An organization of many nations that regulate international trade..

Economic philosophy that holds that government should focus on stimulating the supply of goods

Economic theory that suggest that the supply of money is the key to the nation's wealth.

The economic policy of shielding an industry or economy from foreign competition.

Economic system in which people/corporations own the means of production for their own benefit.

When groups of workers negotiate with management wages and working conditions. 

Government decisions to tax, spend, and borrow, as reflected in the federal budget.

Economic theory that advocates the using government power and money to stimulate the economy.

A government statistic that measures increases in the costs of goods. 

A workers organization intended to engage in wage & working condition negotiations.

A belief that government should not intervene in the economy.

Government policy to regulation of business to ensure competition and to prevent monopolies.

Gov't decisions involving money supply, discount rate, reserve rate & trading of securities.