Economics Week 5 Flashcard

Economics Week 5 Flashcard

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

"The Fed" refers to the....

Back

Federal Reserve System

2.

FLASHCARD QUESTION

Front

What does Inflation do to the value of money? Options: Makes it go up., Makes it go down., Makes it stay the same.

Back

Makes it go down.

3.

FLASHCARD QUESTION

Front

The primary role of the Federal Reserve Bank is to steer the economy by

Back

controlling the money supply.

4.

FLASHCARD QUESTION

Front

In a recession, the Fed would likely

Back

Increase the supply of money in the economy

5.

FLASHCARD QUESTION

Front

If the economy is expanding too quickly, what type of monetary policy will the Federal Reserve institute? Options: Expansionary, Contractionary, Equanimitous, Whole Dollar

Back

Contractionary

6.

FLASHCARD QUESTION

Front

If the United States is experiencing inflation, the Fed will likely

Back

Decrease the supply of money in the economy

7.

FLASHCARD QUESTION

Front

The Fed keeps a certain amount of money out of circulation. This is referred to as the...

Back

Reserve requirement

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