What is 1969? (By mankind I mean America #suckitrussia)
100
This is the type of legal system that reflect a conscious decision in favor of a limited role for government and emphasize the importance of judiciary in constraining the power of executive and legislative branches?
What is common law?
100
Adam Smith wrote this book in 1776. (Full Title)
What is An Inquiry Into the Nature and Causes of the Wealth of Nations?
100
Current unemployment rate.
What is 5.1%?
100
These are the 4 types of unemployment.
What is Seasonal, Frictional, Cyclical, and Structural?
200
This man declared in 1961 that we would go to the moon.
Who is John Fitzgerald Kennedy?
200
Regulations on outsourcing are an example of __________, which restrict international trade.
What is a trade barrier?
200
The 3 assumptions of Classical Economics.
What is wages and prices freely flexible, Say's Law, and savings-investment equality?
200
Avg. work week.
What is 34.5 hours?
200
Full employment, which is 5% UR, is made up of what types of unemployment at what percentages.
What is frictional at 2% and structural at 3%?
300
Social reforms signed into law by FDR in 1935 and 1938.
What is Social Security (1935) and Minimum Wage (1938 @ $0.25/hour)
300
This is the term used for the population that lives on less than $450 per person per year
What is abject poverty?
300
These two events were the end of classical economic theory being accepted.
What is the bank panic of 1907 and the great depression?
300
U6 rate
What is 10%?
300
This type of unemployment is involuntary due to the state of the economy.
What is cyclical unemployment?
400
The number of total people that have walked on the moon.
What is 12?
400
Who created the first incandescent lightbulb in 1802?
Who is Sir Humphry Davy?
400
The government's role in the theory.
What is laissez-faire, protect property rights, facilitate commerce, etc?
400
Current labor force participation rate.
What is 62.4%?
400
Of the 4 unemployment types, this is voluntary and not counted in unemployment.
What is seasonal unemployment?
500
The last year that a manned lunar landing occurred.
What is 1972?
500
What is the average growth rate per year of the 35 most capitalist countries?
What is 2.3%?
500
Prove in a graph the classical model of economics.
What is hopefully you're right?
500
Labor force participation rate is the lowest since Jimmy Carter was ruining America in this month and year.
What is October 1977?
500
In order to combat cyclical unemployment, the federal government has these two options in order to increase AD.