Final Review 2021

 

Economics Final Review Sheet

 


Banknote

Base Metal

Bourgeoisie

Business cycle

Capital Gains

Capitalism

Clad

Clipping

Coin

Command Economy

Consumer Price Index

Counterfeiting

Creditor

Debasing

Debtor

Depression

Dividends

Dollar

Double-digit Inflation

Dow Jones Industrial Index

Entrepreneur

Federal deficit

Federal debt

Federal Reserve Bank

Fiat money

Greenbacks

Gross domestic product

Hallmark

Inflation

Labor

Leading Indicator

Legal Tender Law

Macroeconomics

Market Economy

Microeconomics

Mixed Economy

Monopoly

Mutual funds

NASDAQ

New York Stock Exchange

Proletariat

Recession

Reeding

Runaway Inflation

S&P 500

Socialism

Stocks

Stock market

Tanstaafl

Token

Unions


 

3 methods that the Federal Reserve uses to control the money supply

3 stages of inflation

Example of Supply and Demand

Four types of Retirement Accounts

How does the government get its money?

Reason for inflating in Democracy? Dictatorship?

Why are “coins” today not really coins?

How many banks are in the Federal Reserve System?

When did Gold stop circulating in U.S. money supply? Silver?

What is the FDIC? What does FDIC stand for? What does it do?

Historic event that ended the Great Depression

What ends runaway inflation?

 

 

 

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