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Chapter 17: Economic Policymaking
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This activity contains 10 questions.
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describes the impact of the federal budget on the economy.
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is an economic system in which individuals and corporations own the principal means of production, through which they seek to reap profits.
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An economic theory called
holds that the supply of money is the key to the nation's economic health.
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President Reagan proposed
economics based on the premise that the key task for government economic policy is to stimulate the supply of goods, not their demand.
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Prior to the Great Depression, American economic policy was dominated by the principle of
.
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Some
have annual budgets exceeding that of many foreign governments.
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The
is the percentage of Americans actively seeking employment but unable to find work.
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The government keeps tabs on
via the consumer price index (CPI).
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The National Labor Relations Act of 1935 guaranteed workers the right of
.
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The purpose of
is to ensure competition and prevent monopoly.
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