Government and the Economy

Federal program to aid older citizens, children who have lost a parent, and the disabled

• Social Security

• Medicare

• Fiscal Policy

• Medicaid

A national insurance program for citizens over 65

• Medicare

• Fiscal Policy

• Social Security

• FICA

The use of taxes and government spending to affect the economy

• Medicaid

• Medicare

• Social Security

• Fiscal Policy

How many districts are there in the Federal Reserve System

• 10
• 12
• 24
• 15

The use of government spending and revenue collection to influence the economy

• Monetary Policy
• Fiscal Policy

Decisions about how much to spend and how much to tax are part of...

• Monetary Policy
• Fiscal Policy

Who creates the federal budget

• The President
• Congress
• The Federal Reserve
• The people

Will the following slow down the economy or stimulate the economy: lower taxes

• Slow down
• Stimulate
• No economic change

Will the following slow down the economy or stimulate the economy: cut federal spending

• Slow down
• Stumulate
• No economic change

The actions the Fed takes to influence the level of real GDP and the rate of inflation in a country

• Monetary Policy
• Fiscal Policy