- In brief explanation, what is meant by business cycle?
- Mention the economic indicators used to determine the state of general economic activity, especially in the future!
- What does Federal Reserve System consist of? Explain it briefly!
- Mention who can trade gold for currency?
- In your own words, how do you define GATT?
JAWABAN
1. Business cycle is A predictable
long-term pattern of alternating periods of economic growth (recovery) and
decline (recession), characterized by changing employment, industrial
productivity, and interest rates.
2. Indicators economic : building
permits (suggesting the future volume of new construction), common stock
prices, business inventories, consumer installment debt, unemployment claims,
and corporate profits.
3. Federal reserve system consists of
the Board of Governors of the Federal Reserve System, the 12 Federal Reserve
banks, the Federal Open Market Committee, and the Consumer Financial Protection
Bureau (CFPB), which was authorized in 2010 by the Dodd-Frank Act (the CFPB
assumed some functions of the former Consumer Advisory Council, which existed
from 1976 to 2011).
4. Investor can trade gold for
currency
5. GATT (General Agreement on Tariffs
and Trade) is a multilateral international treaty signed in
1947 to promote trade, esp by means of the reduction and elimination of tariffs
and import quotas; replaced in 1995 by the World Trade Organization.
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