CP FINAL EXAM NEWEST 2024-2025 ACTUAL EXAM COMPLETE 140
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWE
|
Study online at https://quizlet.com/_fs02sp
1. Inflation a general increase in prices and fall in the purchasing
value of money.
2. Deflation a decrease in the general level of prices
3. CPI (Consumer a measure of the overall cost of the goods and services
Price Index) bought by a typical consumer
4. Real GDP the production of goods and services valued at constant
prices
5. Nominal GDP the production of goods and services valued at current
prices
6. unemployment the percentage of the labor force that is unemployed
rate
7. The Federal Re- the central bank of the United States
serve
8. Tariff A tax on imported goods
9. Stock Market A system for buying and selling shares of companies
10. Great Depres- A time of utter economic disaster; started in the United
sion States in 1929.
11. localism policy relied on by President Hoover in the early years
of the Great Depression whereby local and state govern-
ments act as primary agents of economic relief
12. Trickle Down Hoover's strategy battling the Great Depression in which
Economics the money is given to the big corporations and eventually
they will pay their workers more, and then the workers will
spend their money and save the economy.
13. Hoover Dam huge public works project on the Colorado River that
provided jobs, water for irrigation, and power
, CP FINAL EXAM NEWEST 2024-2025 ACTUAL EXAM COMPLETE 140
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWE
|
Study online at https://quizlet.com/_fs02sp
14. Bonus Army 1932 - Facing the financial crisis of the Depression, WW
I veterans tried to pressure Congress to pay them their
retirement bonuses early. Congress considered a bill au-
thorizing immediate assurance of $2.4 billion, but it was
not approved. Angry veterans marched on Washington,
D.C., and Hoover called in the army to get the veterans
removed
15. Herbert Hoover 31st President of the United States - need to know re-
sponses to the Great Depression
16. Franklin D. Roo- Franklin D Roosevelt took office as president of the United
sevelt (FDR) States. He started his presidency off with the First Hun-
dred Days, which was the beginning of the New Deal. Dur-
ing this period, FDR and congress passed hundreds of
bills that promoted social welfare and initiated programs
coined alphabet soup programs.
17. Fireside Chats informal talks given by FDR over the radio; gained the
confidence of the people
18. FDIC (Federal the government agency that insures customers' deposits
Deposit Insur- if a bank fails
ance Corpora-
tion)
19. CCC (Civil- relief that provided work for young men 18-25 years old
ian Conservation in food control, planting, flood work, etc.
Corps)
20. NRA (National New Deal agency that promoted economic recovery by
Recovery Admin- regulating production, prices, and wages
istration)
21. PWA (Public New Deal agency that provided millions of jobs construct-
Works Adminis- ing public buildings
tration)
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWE
|
Study online at https://quizlet.com/_fs02sp
1. Inflation a general increase in prices and fall in the purchasing
value of money.
2. Deflation a decrease in the general level of prices
3. CPI (Consumer a measure of the overall cost of the goods and services
Price Index) bought by a typical consumer
4. Real GDP the production of goods and services valued at constant
prices
5. Nominal GDP the production of goods and services valued at current
prices
6. unemployment the percentage of the labor force that is unemployed
rate
7. The Federal Re- the central bank of the United States
serve
8. Tariff A tax on imported goods
9. Stock Market A system for buying and selling shares of companies
10. Great Depres- A time of utter economic disaster; started in the United
sion States in 1929.
11. localism policy relied on by President Hoover in the early years
of the Great Depression whereby local and state govern-
ments act as primary agents of economic relief
12. Trickle Down Hoover's strategy battling the Great Depression in which
Economics the money is given to the big corporations and eventually
they will pay their workers more, and then the workers will
spend their money and save the economy.
13. Hoover Dam huge public works project on the Colorado River that
provided jobs, water for irrigation, and power
, CP FINAL EXAM NEWEST 2024-2025 ACTUAL EXAM COMPLETE 140
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWE
|
Study online at https://quizlet.com/_fs02sp
14. Bonus Army 1932 - Facing the financial crisis of the Depression, WW
I veterans tried to pressure Congress to pay them their
retirement bonuses early. Congress considered a bill au-
thorizing immediate assurance of $2.4 billion, but it was
not approved. Angry veterans marched on Washington,
D.C., and Hoover called in the army to get the veterans
removed
15. Herbert Hoover 31st President of the United States - need to know re-
sponses to the Great Depression
16. Franklin D. Roo- Franklin D Roosevelt took office as president of the United
sevelt (FDR) States. He started his presidency off with the First Hun-
dred Days, which was the beginning of the New Deal. Dur-
ing this period, FDR and congress passed hundreds of
bills that promoted social welfare and initiated programs
coined alphabet soup programs.
17. Fireside Chats informal talks given by FDR over the radio; gained the
confidence of the people
18. FDIC (Federal the government agency that insures customers' deposits
Deposit Insur- if a bank fails
ance Corpora-
tion)
19. CCC (Civil- relief that provided work for young men 18-25 years old
ian Conservation in food control, planting, flood work, etc.
Corps)
20. NRA (National New Deal agency that promoted economic recovery by
Recovery Admin- regulating production, prices, and wages
istration)
21. PWA (Public New Deal agency that provided millions of jobs construct-
Works Adminis- ing public buildings
tration)
