Monetary and Fiscal Policy

Front

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

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Fiscal Policy

Front

The headline below indicates which type of policy: "Fed unleashes another big rate hike in bid to curb inflation"

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Monetary policy

Front

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

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The Fed

Front

Taxing and Spending are tools of

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fiscal policy

Front

What is the term for the government's action to decrease taxes to help the economy grow?

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fiscal policy

Front

What can the government do to slow the economy in order to reduce inflation? Options: lower taxes, raise taxes, spend more

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raise taxes

Front

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

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increase spending

Front

The action by the FED to adjust the size of the money supply, and to adjust interest rates in order to keep prices down and employment high.

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monetary policy

Front

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

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reserve requirement

Front

The interest rate the FED charges banks to borrow money will be lowered to help the economy grow and raised to slow the economy.

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discount rate