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GENERAL STRIKE: A strike by a majority of the workers in key industries throughout a country in a particular region of the country. This type of strike is different in both magnitude and intent than that of a strike against a specific firm or industry. In particular, a general strike involves virtually every union regardless of industry or occupation. In addition, the intent of a general strike is to bring the economy to a standstill as a means of forcing major structural changes in the economy or society. Such a strike has been effectively used from time to time, but because it does shut down the economy and imposes hardships on almost everyone.
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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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EMPLOYED The condition in which a resource (especially labor) is actively engaged in a productive activity usually in exchange for an explicit factor payment (such as wage or salary). This general condition forms the conceptual basis for one of the three categories used by the Bureau of Labor Statistics (BLS) to classify an individual's labor force status. The specific BLS classification is employed persons. The other two BLS categories are unemployed persons and not in the labor force.
Complete Entry | Visit the WEB*pedia |
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WHITE GULLIBON [What's This?]
Today, you are likely to spend a great deal of time touring the new suburban shopping complex wanting to buy either an AC adapter that won't fry your computer or a case for your designer sunglasses. Be on the lookout for telephone calls from former employers. Your Complete Scope
This isn't me! What am I?
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Al Capone's business card said he was a used furniture dealer.
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"The greatest things ever done on Earth have been done little by little. " -- William Jennings Bryan
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L/C Letter of Credit
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