Monetary and Fiscal Policy

Flashcard
•
Social Studies
•
9th - 12th Grade
•
Hard
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21 questions
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1.
FLASHCARD QUESTION
Front
The federal government's overall approach to spending and taxes is called
Back
Fiscal Policy
2.
FLASHCARD QUESTION
Front
The headline below indicates which type of policy: "Fed unleashes another big rate hike in bid to curb inflation"
Back
Monetary policy
3.
FLASHCARD QUESTION
Front
Monetary policy decisions are made by: Congress, Senate, The Fed, President
Back
The Fed
4.
FLASHCARD QUESTION
Front
Taxing and Spending are tools of
Back
fiscal policy
5.
FLASHCARD QUESTION
Front
What is the term for the government's action to decrease taxes to help the economy grow?
Back
fiscal policy
6.
FLASHCARD QUESTION
Front
What can the government do to slow the economy in order to reduce inflation? Options: lower taxes, raise taxes, spend more
Back
raise taxes
7.
FLASHCARD QUESTION
Front
To help the economy grow, the government can: increase spending, decrease spending, lower the minimum wage, raise taxes
Back
increase spending
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