Unit 5 - Monetary Policy
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
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1.
FLASHCARD QUESTION
Front
What is the primary goal of monetary policy?
Back
Stabilize the economy
2.
FLASHCARD QUESTION
Front
Which of the following is a tool used in monetary policy? Taxation, Government spending, Interest rates, Trade tariffs.
Back
Interest rates
3.
FLASHCARD QUESTION
Front
Which of the following is NOT a goal of monetary policy? A) Price stability, B) Full employment, C) Economic growth, D) Increasing national debt.
Back
Increasing national debt.
4.
FLASHCARD QUESTION
Front
Inflation control is primarily the responsibility of which entity? Options: Federal Reserve, Congress, Department of Commerce, State Governments
Back
Federal Reserve
5.
FLASHCARD QUESTION
Front
The Chairman of the Federal Reserve is responsible for making decisions about ________.
Back
Interest rate values
6.
FLASHCARD QUESTION
Front
Who controls fiscal policies in the United States?
Back
Congress and the President
7.
FLASHCARD QUESTION
Front
What is one way fiscal policy can be changed? Options: By altering the tax rate, By changing the weather, By modifying school curriculums, By adjusting the national anthem.
Back
By altering the tax rate
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