Monetary and Fiscal Policy

Front

Monetary policy refers to what?

Back

How government regulates the amount of money in circulation

Front

Whose job is it to control the money supply?

Back

Federal Reserves

Front

Fiscal policy deals with what?

Back

Raising taxes and using the money that's raised.

Front

The federal government's overall approach to spending and taxes is called

Back

Fiscal Policy

Front

Monetary Policy is the Federal Reserve Systems attempt to...

Back

control the amount of money in circulation

Front

Who is responsible for making fiscal policy decision?

Back

The President and Congress

Front

Monetary policy decisions are made by: Congress, President, Senate, The Fed

Back

The Fed

Front

To help the economy grow, the government can: increase spending, decrease spending, lower the minimum wage, raise taxes.

Back

increase spending

Front

In order to help the economy grow, the FED may____________the reserve requirement, allowing banks to loan more people money so that they spend more

Back

lower

Front

The amount that all banks have to keep in the reserve and they can't loan out to people

Back

reserve requirement