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Classical
Keynesian
Money and Banking
Federal Reserve Banks
100
gave labor the right to organize, strike, collectively bargain
What is the Wagner Act?
100
Supply creates demand
What is say's law?
100
This predicates supply
What is demand?
100
The "bankers bank"
What is the Federal Reserve bank.
100
This bank is in New York
What is bank #2
200
In this type of budget, you decrease spending and increase taxes
What is austerity budget?
200
1. Wages are freely flexible 2. Prices are freely flexible 3. Supply creates demand
What are the assumptions of classical economics
200
1. Wages are rigid upward 2. Prices are rigid upward 3. Demand created supply
What are the assumptions of Keynesian?
200
This dropped to as low as 2% during the unregulated era
What is required reserves?
200
This bank was put in place to be near large gold mining areas
What is bank 12?
300
This is the title of the first wave of the New Deal
What is the Nation Recovery Act?
300
Deficit spending is only okay during times of...
What is war?
300
Deficit spending is okay during peacetime if there is...
What is recession?
300
This is a sterile asset that is perfectly negotiable
What is money
300
This bank is in a city where the river caught fire and burned for a week
What is bank 4?
400
Biggest result of labor against capitalists that resulted in Soviet Union Mayday Parades
What are the Haymarket Riots?
400
Three things to government should spend money on according to classical economics
What is education, military, infrastructure
400
The Keynesian transmission system cuts off here...
What is decreasing wages?
400
When the government is trying to increase the MS, they _____ bonds
What is buy
400
This bank is in Boston
What is 1
500
This act put a firewall between investment and commercial banking
What is Glass-Seagull Act?
500
The French term for "hands off" economy
What is laissez faire?
500
Broke up monopolies and prevented restraint of trade
What is Sherman Antitrust Act?
500
When a bank cannot meet current financial obligations they are said to be
What is insolvent
500
This bank is in the biggest city in the south
What is bank 6?