Macro: Fiscal & Monetary Policy

Front

The goal of fiscal and monetary policy is

Back

to stabilize the economy

Front

President and Congress use this

Back

fiscal policy

Front

Which of the following is NOT a tool the FED use for monetary policy? Open Market Operations (buying and selling securities and bonds), Manipulate of the Reserve Requirements, Manipulation of Interest Rates, Increasing or decreasing taxing and spending

Back

Increasing or decreasing taxing and spending

Front

The Chairman of the FED is currently

Back

Jermone Powell

Front

The FOMC is part of which policy action?

Back

monetary

Front

Who influences the availability of credit and the money supply? Options: the President, the Treasury, Congress, the FED (FOMC)

Back

the FED (FOMC)

Front

Fiscal or Monetary Policy: Increase taxes on individuals and businesses

Back

fiscal

Front

Fiscal or Monetary: Decrease the Federal Funds target rate from 3% to 1%

Back

monetary

Front

Expansionary or Contractionary: decrease taxes on individuals and businesses

Back

expansionary

Front

Expansionary or Contractionary: lower the reserve requirement

Back

expansionary