ap gov chapter 17

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ap gov chapter 17
2013-02-26 17:08:45

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  1. an economic system in which individuals and corporations not the government own the principal means of production and seek profits
  2. an economic system in which the government is deeply involved in economic decisions through its role as a regulator, consumer, subsidizer, taxer, employer, and borrower
    mixed economy
  3. businesses with vast holdings in many countries, some of which have annual bidgets exceeding that of many foreign governments
    multinational corporations
  4. the federal agency created during the new deal that regulates the stock market
    securities and sxchange commission
  5. the legal mimimum hourly wage for large employers
    minimum wage
  6. an organization of workers intednde to engage in collective bargaining
    labor union
  7. negotiations between representatives of labor unions and management to determine pay and acceptable working conditions
    collective bargaining
  8. the proportion of the labor force actively seeking work but unable to find jobs
    unemployment rate
  9. the rise in prices for consumer goods
  10. the key measure of inflation that relates the rise in prices over time
    consumer price index
  11. the principle that government should not meddle in the economy
  12. the manipultaion of the supply of money in private hands by which the government can control the economy
    monetary policy
  13. an economic theory holding that the supply of money is the key to a nation's economic health
  14. the main instrument for making monetary policy in the United States. it was created by congress in 1913 to regulate the lending practices of banks and thus the money supply
    federal reserve system
  15. the policy describes the impact of the federal budget-taxes, spending, and borrowing-on the economy
    fiscal policy
  16. the theory emphasizing that government spending and deficits can help the economy weather its normal ups and downs
    Keynesian economic theory
  17. an economic theory advocated by president reagan holding that too much income goes to taxes so that too little moeny is available for purchasing and that the solution is to cut taxes and return purchasing power to consumers
    supply-side economics
  18. economic policy of shielding an economy from imports
  19. international organization that regulates international trade
    world trade organization
  20. a policy designed to ensure competition and prevent monopoly which is the control of a market by one company
    antitrust policy
  21. the federal agency formed in 1913 and assigned the task of approving all food products and drugs sold in the united states
    food and drug administration
  22. a 1935 law also known as the wagner act that guarantees workers the right of collective bargaining, set down rules of protect unions and organizers, and created the national labor relations board to regulate labor-management relations
    national labor relations act