Bankers club
Measuring the economy
Economic actors
Fiscal Policy
Case studies and data
100
The kind of policy this person and the institution he is in charge of is engaged in
Monetary
100
This coefficient has a value between 0 and 1
Gini coefficient
100
This international institution provides countries with loans during financial crises.
International Monetary Fund
100
One argument for not raising this is that it could potentially lead to higher unemployment.
Minimum wage
100
Since the 1980s, the United States has witnessed a growing gap between productivity and this.
Real wages
200
The Fed's monetary toolbox consists of tinkering with the interbank loan rate also known as this.
Federal funds rate
200
If we take prices in current year multiplied by quantities in current year, we arrive at this economic indicator
Nominal GDP
200
This actor provides signals as to which financial products are safe and which are risky.
Rating agencies
200
This is a tax on assets minus liabilities
Wealth tax
200
Within a mobility matrix, these specific cells represent a complete lack of income mobility
Principal diagonal
300
If the CPI is rising significantly, this is what the Fed might do.
Increase interest rates
300
If wages went up by 5 percent and there was deflation of 2 percent, this is how much real wages would change by.
7 percent increase
300
This is the market structure where a few firms collude in setting prices or making output decisions
Cartel
300
In the United States, historically, this rate has been as high as 90 percent although currently it is 37 percent.
Top tax bracket
300
Norway has a very generous welfare state. Moreover, the state-owned enterprises constitute over 60 percent of GDP in Norway; however, they employ only about 10 percent of the labor force. This means that Norway may not be democratic socialist but possibly, this.
Social democracy
400
These banks are outside the purview of the Federal Reserve
Shadow banks
400
This phenomenon, from a Marxian point of view, serves to keep wages low
Unemployment
400
A recent court ruling in the US placed Google's online advertising in this market structure. This will result in Google having to sell Google Chrome and other Google products/search engines.
Monopoly
400
This is a type of tax that could potentially lead to an inflationary spiral but has the potential to support industrial development and generate jobs
Tariffs
400
The value of the first is a measure of production in the US and is approximately $27 trillion and the value of the second is a measure of government spending and is approximately $36 trillion
GDP and public debt
500
During the 1970s and early 1980s, there was both high unemployment and inflation and the Fed's decision during this time was known as this.
Volcker shock
500
An orange farm produces 10 oranges and sells to orange juice company for $1 each. The orange juice company produces 3 bottles of orange juice and sells for $11 each. The GDP in Orangeland would be this amount.
$33
500
A prisoner's dilemma can be used to interpret firms' behavior in these market structure (s).
Duopoly, oligopoly or cartel
500
In the US as far as the latest tax brackets for single individuals, the first $11925 dollars is taxed at 10 percent, up to $48475 is taxed at 12 percent, and up to $103,350 is taxed at 22 percent.
This would be the effective tax rate for an individual earning $11,500.
10 percent
500
The Golden Gate bridge shown below can be used as a metaphor for this economic indicator as historically experienced in the US
Income inequality (share of national income going to top decile)