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WILDCAT STRIKE: An unofficial and usually spontaneous strike or work stoppage by union members. A wildcat strike is not authorized by the labor union representing the workers. Such strikes generally occur because (1) labor has specific problems or concerns that have not been satisfactorily addressed by employers or (2) workers feel that union leaders are not acting in the best interest of the union members. This is also termed an outlaw strike.
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Lesson 20: Federal Reserve System | Unit 3: The Fed Pyramid
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Page: 8 of 20
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The 7-member Board of Governors is the policy making body of the Fed. The Board of Governors: - The Board sets the regulations, rules and policies affecting the money supply and the commercial banking system.
- Each member of the Board is appointed by the President and approved by the Senate to a 14-year term, with terms staggered every two years.
- The system is designed to keep the Board non-political: the Board is NOT supposed to be working for the President.
- The Fed is relatively independent of Congress, too.
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KEYNESIAN EQUILIBRIUM The state of macroeconomic equilibrium identified by the Keynesian model when the opposing forces of aggregate expenditures equal aggregate production achieve a balance with no inherent tendency for change. Once achieved, a Keynesian equilibrium persists unless or until it is disrupted by an outside force, especially changes in autonomous expenditures.
Complete Entry | Visit the WEB*pedia |
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GREEN LOGIGUIN
[What's This?]
Today, you are likely to spend a great deal of time at a dollar discount store hoping to buy either a replacement battery for your pocket calculator or a how-to book on home remodeling. Be on the lookout for strangers with large satchels of used undergarments.
Your Complete Scope
This isn't me! What am I?
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A scripophilist is one who collects rare stock and bond certificates, usually from extinct companies.
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"The greatest things ever done on Earth have been done little by little. " -- William Jennings Bryan
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CBD
Cash Before Delivery
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