Money, Wages, etc
A non-precious metal like copper and nickel.
What is base metal?
The speed at which money changes hands.
What is velocity of circulation?
Shortfalls between the government's income (taxes) and its spending.
What are deficits?
An increase in the amount of money. Causing money to lose value, so prices go up.
What is inflation?
Roman coin originally made of 94 percent silver.
What is a Denarius?
Prices rise because of this.
What is inflation?
A large decrease in the supply of money will be followed by a fall in these.
What are wages and prices.
Money as currency, checking accounts, savings accounts, money market mutual funds, and certain transactions between banks.
What is M2?
The place that the new money created to fund the war following 9-11 flow into.
What was real estate? (In 2008)
The way governments get money.
What is tax?
Silver was removed from U.S. dimes and quarters in this year.
What was 1965?
This happens when inflation stops for years.
What is a depression?
The total of all federal deficits.
What is the Federal Debt?
Non-inflated money, usually a commodity money like silver or gold.
What is hard money?
IOU from a bank, usually for silver or gold.
What is a bank note?
Bad money driving good money out of circulation is called...
What is Gresham's Law?
Overthrowing a government, usually by force.
What is a revolution?
When government slows the creation of M2 this hits.
What is a recession?
Economics and law are both important to your economic prosperity and this.
What is individual liberty?
This deals with the production and distribution of wealth. It cannot be changed, and it applies all over the world.
What is the Law of Economics?
This is the federal government's attempt to measure changes in the prices of things purchased by households.
What is the Consumer Price Index?
In 1987, the supply of money to the stock market dried up and caused this.
What was the stock market crash?
Prosperity followed by recession followed by prosperity followed by recession, and repeat.
What is the business cycle or boom/bust cycle.
A country's economic prosperity, or lack of it, directly relates to this.
What is its legal system?
Economists call it the most liquid commodity.
What is money?