Examlex
What is the principal reason that economists give for the existence of deflationary and inflationary gaps?
Democracy
A form of government in which power is vested in the people, who rule either directly or through freely elected representatives.
Great Compromise
The agreement made during the Constitutional Convention of 1787 that created a two-house legislature, balancing the representation of small and large states in Congress.
Federalist Papers
A series of 85 essays written by Alexander Hamilton, James Madison, and John Jay promoting the ratification of the United States Constitution.
Ratification
The formal approval process of a treaty, constitutional amendment, or legislative act to make it officially valid.
Q27: "Men are disposed, as a rule, and
Q27: Reducing transfer payments is an appropriate way
Q46: Money as defined by M1 includes<br>A)coins.<br>B)paper money.<br>C)checking
Q88: The official definition of the money supply
Q123: Total output equals total income<br>A)only at equilibrium.<br>B)always.<br>C)only
Q138: What is aggregate demand?<br> What are its
Q147: If saving exceeds investment, then the level
Q175: If fears of a terrorist attack are
Q188: When people trade goods for money, money
Q212: Differentiate between an induced increase in consumption