Fiscal Policy & Monetary Policy

Fiscal Policy & Monetary Policy

Assessment

Flashcard

•

Other

•

12th Grade

•

Practice Problem

•

Hard

Created by

Talia Kambe

FREE Resource

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43 questions

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1.

FLASHCARD QUESTION

Front

What is Fiscal Policy?

Back

Fiscal Policy refers to government measures/approaches used to influence aggregate demand through government spending and taxation.

2.

FLASHCARD QUESTION

Front

What are Expansionary Fiscal Policies?

Back

Expansionary Fiscal Policies are measures taken by the government to increase aggregate demand, typically through increased government spending or reduced taxes.

3.

FLASHCARD QUESTION

Front

What are Contractionary Fiscal Policies?

Back

Contractionary Fiscal Policies are measures taken by the government to decrease aggregate demand, typically through reduced government spending or increased taxes.

4.

FLASHCARD QUESTION

Front

What is the purpose of Automatic Stabilizers?

Back

Automatic Stabilizers are features of government budgets that dampen fluctuations in real GDP, such as progressive income taxes and welfare spending.

5.

FLASHCARD QUESTION

Front

What is the definition of Monetary Policy?

Back

Monetary Policy is the economic policy used by a central bank to manage money supply, interest rates, and inflation.

6.

FLASHCARD QUESTION

Front

What are the primary objectives of Monetary Policy?

Back

The primary objectives of Monetary Policy are to control inflation, promote stable economic growth, achieve full employment, and stabilize currency.

7.

FLASHCARD QUESTION

Front

What are the key tools of Monetary Policy?

Back

The key tools of Monetary Policy include discount rates, open market operations, and reserve requirements.

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