Chapter 5 Econ

What economic event precipitated the fall of the Weimar Republic to the Nazis?

Why was the Federal Reserve created?

What is Quantitative Easing (QE)?

During an expansion period, unemployment rates usually go?

What is the event where the world went off the Gold Standard?

The fee (%) that the Federal Reserve charges banks to borrow money is called?

What did John Maynard Keynes think was necessary to help the world out of the Depression

What is inflation?

Who founded the Classical School of Economics?

When was the Federal Reserve created?

During what event did the MAJORITY of the world go OFF the Gold Standard?

Why is inflation bad?

How do people insure themselves from inflation

Monetarist say the business cycle is really:

To alter the money supply through fraction reserve banking, the US Government changes what?

According the Fractional Reserve Banking, whose money is loaned out for mortgages & auto loans?

ON AVERAGE, a business cycle usually lasts how long?

What type of unemployment is caused by a downturn economy?

Karl Marx is considered the founder of what economic school of thought?

What is demand-pull inflation?

What President UNILATERALLY decided to take the US off the Gold Standard?

What type of unemployment is caused by a change in technology?

What is nominal GDP?

In the 1970s, a new economic indicator was invented. It was called?

What is inflation?

What does GDP stand for

What is NOT included in the unemployment rate?

True or False: An intermediate Good is a good sold directly to the customer

Some leaders like inflation because?

The fee (%) that the Federal Reserve charges banks to borrow money is called?

What type of unemployment is caused by people being between jobs

What is NOT included in the unemployment rate?

What is Total Market Value?

What is cost-push inflation?

Of the following, which is not a part of the equation for GDP

Of the following, which is NOT a cause of the Great Depression?

What do we use economic indicators?

Which of the following is the equation for GDP?

During a contraction period, unemployment rates usually go?

To alter the money supply through fraction reserve banking, the US Government changes what?

True or False: A final good is sold to the end user.

What is Fiat money?

GDP that accounts for inflation is called?

What is NOT included in the unemployment rate?

What is a limitation of GDP as an indicator of an economy?

What is the Gold Standard