Macro: Fiscal & Monetary Policy

The goal of fiscal and monetary policy is

• to create booms and busts in the economy

• to stabilize the economy

• to promote an agenda for various interest groups

• to compare and contrast with other countries

President and Congress use this

• fiscal policy

• monetary policy

• judicial policy

• confederate policy

Which of the following is NOT a tool the FED use for monetary policy?

• Open Market Operations (buying and selling securities and bonds)

• Manipulate of the Reserve Requirements

• Manipulation of Interest Rates

• Increasing or decreasing taxing and spending

The Chairman of the FED is currently

• Janet Yellen

• Donald Trump

• Nancy Pelosi

• Jermone Powell

The FOMC is part of which policy action?

• fiscal

• monetary

• judicial

• federal

influence the availability of credit and the money supply

• the President

• the Treasury

• Congress

• the FED (FOMC)

Fiscal or Monetary Policy: Increase taxes on individuals and businesses

• fiscal

• monetary

Fiscal or Monetary: Decrease the Federal Funds target rate from 3% to 1%

• fiscal

• monetary

Expansionary or Contractionary: decrease taxes on individuals and businesses

• expansionary

• contractionary

Expansionary or Contractionary: lower the reserve requirement

• expansionary

• contractionary