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Economics quiz

What is Laissez-faire economics?
High government involvement
Economy corrects itself, limited government intervention
A french term for Darby's budget
What is the impact of inflation?
Prices rise, value of money decreases
Prices decrease, money gets has greater value
Inflation has no real impact on the economy
What is an example of an expansionary monetary policy?
Lower interest rates
Increase the discount rate
FED sells traveler's checks
What did the Glass-Steagall Act accomplish?
Created the Federal Reserve System
Set the minimum wage
Created the FDIC
What is a trust?
A good quality to have in a friend
When businesses work together on a project
Large-scale, monopolistic businesses that dominate an industry
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