All of the Government & Economy
Monetary & Fiscal Policy
OTCTE: Arenas of Economic Policy Making, Business, and Public Policy
OTCTE: Consumer Policy:the Rise of the Consumer Lobby, Labor and Government, New Economy/New Policy Arenas
Understanding Economic Policy Making
100
Combined unemployment and inflation rates
What is Misery Index
100
Buying Bonds, Selling Bonds, Reserve Ratio, and Discount Rate.
What is OMO- Open Market Operations
100
The power to make economic policy is
What is decentralized
100
______ Americans work in technology producing industries.
What is 3 Million
100
The decentralized American political system often works ______ efficiency in the government.
What is Against
200
An Economic System in which individuals and corporations own the principle means of production and seek profits to benefit themselves.
What is Capitalism
200
Dominant economic theory in America since the Great Depression.
What is Keynesian Economic Theory
200
Serves as a veritable storehouse of assistance for business
What is the Department of Commerce
200
Guaranteed workers the right of collective bargaining-negotiation to determine working conditions.
What is The National Labor Relations Act (Wagner Act)
200
Americans decide to give up certain economic freedoms for the good of society as a whole through
What is voting
300
Voters who experience unemployment in their families usually support
What is the Democratic Party
300
Argues that big government soaked up too much of the GDP by taxing too heavily, spending too freely, and regulating too tightly.
What is Supply-Side Economics
300
They believe that a product economy is where the government takes a hands off policy.
What is the Conservatives
300
Consumerism rose in the 1960's under the leadership of
What is Ralph Nader
300
They rely on Hayek's theory on the free market and argue against government intervention.
What is the Conservatives
400
Contains mostly business owners, managers, and professional people.
What is the Republican Coalition
400
The year the "Fed" was created.
What is 1913?
400
The _____ sector is larger than the _____ sector
What is private/public
400
Traditionally responsible for regulating trade practices.
What is the FTC- Federal Trade Commission
400
They favor an expanded role of government in stimulating the economy in times of recession.
What is the Liberals
500
A bad approach to steering the economy.
What is the Laissez Faire
500
The government's job to increase demand when necessary and the supply would take care of itself.
What is the New Deal
500
Designed to ensure competition, prevent monopolies, and prevent restraints on trade.
What is Anti Trust Policy
500
One section of this law allows states to adopt right-to-work laws that forbid labor contracts from requiring works to join unions to keep their jobs.
What is the Taft-Hartley Act of 1947
500
Conservatives focus on the _______ of the government.
What is Imperfections
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