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GSSP 330 Final Exam Review Part IV

GSSP 330 Final Exam Review Part IV

Assessment

Flashcard

Social Studies

University

Practice Problem

Easy

Created by

Mark Larson

Used 1+ times

FREE Resource

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23 questions

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1.

FLASHCARD QUESTION

Front

The amount by which government spending exceeds tax revenues in a given year

Back

Budget deficit

2.

FLASHCARD QUESTION

Front

Government should increase money supply steadily and predictably, matching economic productivity growth

Back

Monetarism

3.

FLASHCARD QUESTION

Front

Government should run deficits to stimulate demand when necessary

Back

Keynesianism

4.

FLASHCARD QUESTION

Front

Lower taxes and fewer regulations stimulate the economy by increasing incentives to work, save, and invest

Back

Supply-Side Economics

5.

FLASHCARD QUESTION

Front

Actively manage certain economic aspects like wages/price controls

Back


Economic Planning

6.

FLASHCARD QUESTION

Front

Managing the economy by altering the supply of money and interest rates

Back

Monetary policy

7.

FLASHCARD QUESTION

Front

Regulates the money supply, bank deposits, and interest rates to shape economic conditions

Back


Federal Reserve

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