Fiscal and Monetary Policy

Front

Monetary policy refers to what?

Back

How government regulates the amount of money in circulation

Front

Whose job is it to control the money supply?

Back

Federal Reserves

Front

Fiscal policy deals with what?

Back

Raising taxes and using the money that's raised.

Front

What are things in budget called that can't be cut?

Back

Mandatory spending

Front

Most government spending goes where?

Back

Defense

Front

America's central bank is known as what?

Back

Federal Reserves

Front

Tools of Fiscal Policy are

Back

Spending, borrowing, taxing

Front

When a government spends more than it takes in

Back

Budget Deficit

Front

A tax on imported or exported goods.

Back

Tariff

Front

Maximum Employment

Back

Job markets performing at their best possible sustainable levels over the long-term