Davis Macro Test Review

When management refuses to let workers on the job due to a labor dispute.

The Great Depression is an example of a ....

Lowering the interest rate is an example of __________ monetary policy.

The very top of the business cycle is called

A general decrease in prices will cause the cost of living to ....

The USA generally has a budget ________.

To speed the economy Congress can...

The government bailout of banks during the Great Recession would be favored by...

Households selling labor to businesses in return for wages is part of which market

The only sport in the world that matters.

Workers negotiating as a group for better pay or more benefits is

The value of goods and services sold in a year with in one country is the

When the economy is doing well the Fed will generally institute a _______ monetary policy.

Labor Unions usually support

A lower opportunity cost is a factor in ....

Laissez-Faire economics supports

Raising interest rates is an example of __________ monetary policy.

A German buying a Chevrolet in Berlin is an example of ....

The government receives most of its revenue from

A tariff on German cars would cause Americans to ...

A period of economic growth is called

Following a peak a country's economy will usually slow down. This is ....

Determined by Congress & the President

The ________ oversees stock trading and provides regulation

________ called for workers to unite and demand their rights and wrote the Communist Manifesto.

Lowering bank reserves is and example of __________ monetary policy.

When a country produces more of a product than another country it is called

Increasing the money supply is and example of __________ monetary policy.

Determined by The Fed.

In the product market, _____ provide goods and ____ provide money.

The USA has a ________ balance of trade with China.

If you are looking for a job but can't find one you are part of the _______ _____________.

Which of the following is not one of the options for worker/management interaction.

The evaluation of current prices of goods and services in relation to previous years is the

Adam Smith would support the current US economy because it exemplifies ___________.