Fiscal and Monetary Policy (EL)
Flashcard
•
Social Studies
•
10th Grade
•
Practice Problem
•
Hard
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7 questions
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1.
FLASHCARD QUESTION
Front
Who controls monetary policy?
Back
The Federal Reserve
2.
FLASHCARD QUESTION
Front
Who controls fiscal policy?
Back
Congress
3.
FLASHCARD QUESTION
Front
How does fiscal policy work?
Back
Through taxing and spending
4.
FLASHCARD QUESTION
Front
How does monetary policy work?
Back
Through the money supply
5.
FLASHCARD QUESTION
Front
What is the GDP used for?
Back
To measure the economy
6.
FLASHCARD QUESTION
Front
What is a recession?
Back
An economic downturn
7.
FLASHCARD QUESTION
Front
Why is inflation bad?
Back
Because the value of money goes down
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