!st 9 weeks test

Front

In charge of Monetary Policy:

Back

The Federal Reserve System

Front

NOT a monetary policy tool?

Back

Balance Accounts

Front

Fed's action during a recession:

Back

Expansionary policy

Front

Scenario causing an increase in money supply:

Back

Lowering interest rates.

Front

Fiscal policy to boost consumer and business spending:

Back

Decreasing taxes.

Front

Main monetary tools of government:

Back

Taxes and government spending.

Front

Three economic goals of policymakers:

Back

Economic growth, low unemployment, stable prices.

Front

Gross Domestic Product (GDP) is the value of all final goods and services produced within a country's borders in a specific time period.

Back

Correct Answer: The value of all final goods and services produced within a country's border in a specific period of time.

Front

Best measure to observe inflation:

Back

CPI (Consumer Price Index)

Front

Effect of recession:

Back

Increase in unemployment rate.