Macro Issues
Stapp Facts ¯\_(ツ)_/¯
Supply/Demand
Liberal Thinking
Money :$)
100
What is another term for Obamacare?
What is the Affordable Care Act?
100
FDR was governor of what state?
What is New York
100
What happens when the costs of production increase?
What is decrease in supply
100
What was FDR's plan to get out of the Great Depression?
What is the New Deal?
100
What substance do 90% of U.S. bills have trace amounts of on them?
What is cocaine?
200
What is typically the maid tool of the Fed for monetary policy?
What is US Treasury Bills?
200
When did the most red scares occur?
What is during the 1930s
200
As expectations of prices in the future increase, what happens to demand?
What is current demand increases
200
What term did Karl Marx use to define the working class?
What is the Proletariat?
200
Where was the first Central Bank debated over to be located?
What is New York City?
300
What is the term used to describe when people know they won't be turned away for health care so they wait until last moment possible to get it?
What is adverse selection?
300
What is a term used to describe monopolists?
What is robber barons?
300
What is the only thing that causes a movement along the demand curve?
What is price?
300
What did John Maynard Keynes believe about the behavior of wages and prices?
What is wages and prices are rigid upward?
300
What is the difference between liquidity and solvency?
What is the ease of which assets can be converted to cash and the ability to pay debts on time?
400
Who is the "lender of last resorts" for commercial banks?
What is the Fed?
400
Which American company used to produce the most in Japan?
What is Ford?
400
What are the major assumptions of the classical transition mechanism?
What is wages and prices are freely flexible, supply before demand (Say's Law
400
Where does Karl Marx truncate the Classical Transmission Mechanism to derive his social/economic theories?
What is after a decrease in wages?
400
What do gold and silver certificates (greenbacks) represent?
What is full-bodied money representatives?
500
What is a myth of social security?
What is the elderly are poor, social security will be there for us, there is a social security trust fund, social security is a fixed income
500
Who said "speak softly and carry a big stick" and what was this in reference to?
What is Roosevelt and labor movements
500
Draw a graph representing the classical theory of economics
What is graph
500
What is the foundation of modern liberal economic thinking?
What is Keynesian theory?
500
What was the worst banking panic in U.S. history?
What is the Banking Panic of 1907?
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