Academic Vocabulary 1
Interprets and applies the law
What is the Judicial branch
Trade between states
What is interstate trade
When demand for goods and services exceeds supply, prices can rise.
What is Increased demand
A government ruled by a small group of people, often wealthy or powerful individuals.
What is an Oligarchy
What plan proposed a two-house legislature with the number of representatives in each house determined by population
What is the Virginia Plan
Power is divided between a central government and smaller, regional governments
What is Federalism
A period of low economic activity combined with a rise in unemployment
What is a depression
If the government prints too much money, it can devalue the currency, leading to higher prices.This is called.
What is Money supply growth
A government where power is held by the people through elected representatives who follow a set of rules
What is a Constitutional or Democratic Republic
What plan called for a strong executive branch with a single president.
What is the Virginia Plan
Responsible for making laws.
What is the legislative branch
Sustained increase in the general price level of goods and services
What is inflation
Occurs when people expect prices to rise and adjust their behavior accordingly.
What is Built-in inflation
A political system that advocates for a collective or state ownership
What is Socialism
Resolved the dispute between states with larger populations and states with smaller populations
What is the Great Compromise
Gathering of elected representatives or delegates who meet to create, revise, or amend a constitution.
What is the Constitutional Convention
The first 10 amendments of the Constitution
What is the Bill of Rights
Occurs when demand for goods and services outpaces supply.
What is Demand-pull inflation
A government ruled by a single person or a small group of people who have absolute power.
What is a Dictatorship
Plan written an presented by William Paterson.
What was the New Jersey Plan
Resolved the dispute between states with larger populations and states with smaller populations
What is the Great Compromise
Father of the Constitution
Who is James Madison
Occurs when the cost of production increases, leading businesses to raise prices.
What is Cost-push inflation
A government that seeks complete control over the lives of its citizens.
What is Communism
Established a national judiciary with multiple levels of courts.
What are the New Jersey and Virginia Plans