Chapters 20-21

A method of settling disputes in which an expert arbitrator makes a binding decision is called:

A high point in the business cycle is called:

The amount of money banks must have available at all times is called:

Why is it important for workers and management to compromise?

A model that describes how individuals, households, businesses, and government interact in the economy is called:

The shifting of the economy from good times to bad and back again is called:

A negotiation method in which union members walk off the job if employers do not agree to labor’s demands is called:

A policy that increases the growth of the money supply is called:

A government’s policy of changing the amount of money in the economy is called:

What are the goals of government regulation?

The lowest point of the business cycle is called:

A policy that reduces the growth of the money supply is called:

The organizations of workers formed to demand better conditions from their employers are called:

A period of economic slowdown in the business cycle is called:

A government’s policy of taxing and spending is called:

The buying and selling of government bonds is called:

A severe contraction in the business cycle is called:

A walking back and forth, often carrying signs, in front of company buildings is called:

A method of settling disputes in which an expert examines the issue and recommends a solution is called:

What is the role of the Federal Reserve System in the U.S. economy?

What are some possible ways that current events can affect a country's economy?

Why is investment important in a free-enterprise system?

A general increase in the price level of goods and services is called:

The special tax reductions that help lower a company’s tax bill if it follows certain policies the government favors:

What measures does the Federal Reserve NOT take to control the amount of money in the economy?

A negotiation between labor and management is called:

A period of economic growth in the business cycle is called: