An economic system in which the government is deeply involved in economic decisions through its role as regulator, consumer, subsidizer, taxer, employer, and borrower.
What is a mixed economy?
100
The federal agency created during the New Deal that regulates stock fraud.
What is Securities and Exchange Commission?
100
The theory that government spending and deficits can help the economy weather its normal ups and downs. Advocate using the power of government to stimulate the economy when its lagging.
What is the Keynesian Economics Theory?
100
A policy designed to ensure competition and prevent monopoly, which is the control of market by one company.
What is the anti-trust policy?
100
The term used to describe when an individual votes based on their economical condition.
What is pocketbook voting?
200
Negotiations between representatives of labor unions and management to determine pay and acceptable working conditions.
What is collective bargaining?
200
Regulates the lending practices of banks and thus the money supply.
What is the Federal Reserve System?
200
The theory that we must cut taxes and return purchasing power to consumers.
What is Supply-side Economics?
200
Regulates trade practices, and is known for consumer protection.
What is the federal trade commission?
200
When the president stimulates the economy right before election time.
What is the political business cycle?
300
The key measure of inflation that relates the rise in prices over time.
What is the consumer price index?
300
International organization that regulates international trade.
What is the World Trade Organization?
300
The economic theory,supply-side, was advocated by this president.
Who is President Reagan?
300
Also known as the Wagner Act, guarantees workers the right of collective bargaining, sets down rules to protect unions and organizers
What is the National Labor Relations Act?
300
Policy that is almost entirely determined by Congress and the president, who are the budget makers.
What is fiscal policy?
400
The principle that government should not meddle in the economy.
What is laissez-faire?
400
Assigned the task of approving all food products and drugs sold in the US.
What is the food and drug administration?
400
The theory holding that the supply of money is the key to the nations economic health.
What is Monetarism?
400
Guaranteed unions the right of collective bargaining, but prohibited various unfair practices by unions.
What is the Taft-Hartley Act?
400
The main instrument for making monetary policy in the US, created by congress in 1913.
What is the federal reserve system?
500
The proportion of the labor force who is actively seeking work but unable to find jobs.
What is the unemployment rate?
500
Helps guarantee workers the right of collective bargaining, sets down rules to protect unions and organizers.
What is National Labor Board?
500
The democrats main concern when it comes to theories that they prevent this.
What is unemployment?
500
Also stated in the Taft-Hartley Act, ensures that employees do not have to join a union.
What are right-to-work laws?
500
The manipulation of the supply of money in private hands by which the government can control the economy.