eco

study guide

28 cards·by dessybeaw

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federal funds rate

interest rates that lending depositorian institutions charge borrowing for the use of excess reserves.

greenbacks

paper currency printed during the cival war.

regulation Z

provision extendency that truth in lending diclosures to consumers.

easy money policy

fed's plan to allow the money supply to grow and interest rates to fall.

reserve requirement

a rule stating that a pecent of every deposit be set aside as legal reserves.

stagflation

combination of stagnant economic growth and inflation.

fiscal policy

use of govt spending and revenue collection measures to infuence the economy

prime rate

the best/lowest rate that commercial banks charge their customers

money supply

made up of paper, coins, and depositible banks and savings institutions

80%

under a system of pollutions permits, the amount of pollution can be reduced by _____.

trend line

A _________ is a period during which real GDP declines for 6 consecutive months.

india, china, russia

nearly 2/3 of the worlds known coal reserves are in the united states, ______, _____,and______.

peak

_______ is the point where real GDP stops going UP.

fossil fuels

the largest catagory of non renewable energy in the united states is _________.

savings

_____ is when dollars become available when consumers obstain from consumtion.

canada

The north american free trade agreement proposes free trade between the united states and _______.

a vast yet shallow underground water table locatied beneath the great planes and stores 30%of water.

the ogallala aquifer ____________________________.

takeoff

third stage of economic development

buisness cycle

largely systematic ups and downs of real GDP and the interruption of economic growth are reflected by the __________.

increasing the general output.

joseph stalin demonstrated the main advantage of a command system by ____________.

land, labor, capital

according to the textbook, what are the three phases of the buisness cycle?

railroads, public utilities, and highways

and example of expropriation is _____, _____, ______.

corporation

_____ is a form of buisness orginization recognized by law as a sepereate legal entity having all the rights of an indevidual.

discount rate

interest rate that the fed reserve system charges on loans to the nation of manual institutions.

supply

_____ is defined as the amount of a product that would offer for sale at all possible places that could prevail in the market

substitution

money that has an alternative use an an economic good.

where non-agriculture jobs are scarce and low paying

developing nations tend to have larger families because their economies are primarily agriculture and __________________.

interest rate

the price paid for the use of anothers money.