| A | B |
|---|
| Mixed Economy | A type of economy in which there is a combination of command and free market, but mostly free market |
| The worldwide market in which the buying and selling of goods by all nations take place | Global Economy |
| Market Economy | A type of economy in which there is very little or no interference by the government |
| The economy the U.S. has | Mixed Economy |
| Command Economy | A type of economy in which the government makes all the economic decisions |
| Protect us from acid rain, save water | EPA |
| Traditional Economy | Customs and belief determine what is made, how it is made, and where it goes |
| FTC | Telemarketing rules, how business is run |
| When government taxes increase, the money available for private and business spending... | decrease |
| SPAM, telemarketers | FCC |
| When government taxes decrease, the funds available for private and business spending... | increase |
| Lower productions, get things to other places using technology | Two impacts of global economy |
| When there is an increase in the amount of money the government borrows, the money available for individuals and businesses to borrow... | decreases |
| Cheaper products, sell products, create jobs, get products we cannot make ourselves | Four reasons nations trade |
| When there is a decrease in the amount of money the government borrows, the money available for individuals and businesses to borrow... | increases |
| Legal Action | What consumers must take against violators of consumer rights |
| What increased government spending does to demand | Increases |
| Negotiated Contracts | What private ownership is protected by |
| What happens to employment and production after increased government spending increases demand | Increase |
| Private Ownership | The right individuals have with consumer rights |
| Decreased government spending does this to demand, which can do this to employment and production | Decreases, decrease |
| Lower the reserve requirement, lower the discount rate, buy back government bonds | Three ways the Fed can increase the money supply |
| What kind of taxes increased government spending can result in | Increased |
| The Fed does this to stimulate the economy, which can cause interest rates to do this | Increases, drop |
| What the Federal Reserve System is commonly called | Fed |
| Raise the discount rate, raise the reserve requirement, and sell government bonds | Three ways the Fed can restrict the money supply |
| What the Federal Reserve System is of the U.S. | Central Bank |
| To slow down the economy, the Fed does this to money supply, which causes interest rates to do this | Restricts, rise |
| Two functions of the Fed | Issue money, loan money to banks when needed |
