Study Guide - Economics Unit II

Study Guide - Economics Unit II

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Zachary Aument

Used 1+ times

FREE Resource

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30 questions

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1.

FLASHCARD QUESTION

Front

Financial Institutions

Back

Banks, the stock market, and the Federal Reserve facilitate savings, investments, and money flow.

2.

FLASHCARD QUESTION

Front

Monetary Policy

Back

Involves managing the nation's money supply and interest rates, like a DJ controlling the economy's volume.

3.

FLASHCARD QUESTION

Front

Fiscal Policy

Back

Government's role through spending and taxes to influence the economy, either stimulating or contracting it.

4.

FLASHCARD QUESTION

Front

Price Stability

Back

Aims to keep prices stable, avoiding inflation or deflation through interest rate adjustments.

5.

FLASHCARD QUESTION

Front

Full Employment

Back

Goal to employ as many people as possible without causing inflation, often through lower interest rates.

6.

FLASHCARD QUESTION

Front

Economic Growth

Back

Supported by strategic interest rate management and government spending to foster a growing economy.

7.

FLASHCARD QUESTION

Front

Inflation Control

Back

The Fed may raise interest rates to cool off spending if prices skyrocket.

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