What Did Anti-Communist Zealot Senator Joseph McCarthy Do That Led

question 30

Multiple Choice

What did anti-Communist zealot Senator Joseph McCarthy do that led to his condemnation by the U.S.Senate?

• A) He charged that President Eisenhower was a Communist.
• B) He insisted that thousands of federal employees were disloyal to the United States.
• C) He announced that Communists in the Republican party outnumbered those in the Democratic party.
• D) He conducted televised hearings in which he charged that the U.S.army was full of Communists.

Describe the legal lending capabilities of individual banks.

Explain the process and impact of open market operations conducted by the Federal Reserve.

Recognize the historical changes within the Federal Reserve District Banks since their establishment.

Analyze the effects of open market operations on bond prices and interest rates.

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Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Unemployment

The state of being without a job despite actively looking for work, measured as a percentage of the labor force.

Normative Economics

Normative economics deals with the evaluation of economic outcomes through the prism of what ought to be, recommending actions by what is deemed desirable or ideal.

Macroeconomics

The branch of economics that studies overall economic dynamics, including inflation, unemployment, and economic growth, on a national or global scale.