Monetary and Fiscal Policy

Front

Who is responsible for making fiscal policy decision?

Back

The President and Congress

Front

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

Back

Fiscal Policy

Front

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

Back

Monetary Policy

Front

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

Back

The Fed

Front

Taxing and Spending are tools of

Back

Fiscal Policy

Front

Is a joint effort between the executive and legislative branches?

Back

Fiscal policy

Front

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

Back

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.

Back

Monetary policy

Front

In order to help the economy grow, the FED may____________the reserve requirement, allowing banks to loan more people money so that they spend more

Back

lower

Front

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

Back

reserve requirement