Unit 4

Fiscal Policy

• where money is adding up

• taxing and spending

• when money loses value

• controlling the money in circulation (interest rate)

Monetary Policy

• where money is adding up

• taxing and spending

• when money loses value

• controlling the money in circulation (interest rate)

Why do polls matter?

• they reveal the preferences of voters

• it shows how many people voted

• they show elected officials issues are on the policy agenda

• it shows which elected officials are better at their job

Exit polls

• a short and simple survey of likely voters

• a "bad" poll meant to push voters in one direction or another

• calling people randomly to conduct a poll

• taken immedietly after voters have left their polling piece

• a poll repeated at intervals over a period of time

Random-digit-dialing

• a short and simple survey of likely voters

• a "bad" poll meant to push voters in one direction or another

• calling people randomly to conduct a poll

• taken immedietly after voters have left their polling piece

• a poll repeated at intervals over a period of time

Benchmark

• a short and simple survey of likely voters

• a "bad" poll meant to push voters in one direction or another

• calling people randomly to conduct a poll

• taken immedietly after voters have left their polling piece

• a poll repeated at intervals over a period of time

Push polls

• a short and simple survey of likely voters

• a "bad" poll meant to push voters in one direction or another

• calling people randomly to conduct a poll

• taken immedietly after voters have left their polling piece

• a poll repeated at intervals over a period of time

Tracking polls

• a short and simple survey of likely voters

• a "bad" poll meant to push voters in one direction or another

• calling people randomly to conduct a poll

• taken immedietly after voters have left their polling piece

• a poll repeated at intervals over a period of time

Sampling error

• an error that a poll makes when too many people take the poll

• an error that occurs when the poll is inconclusive

• the error rate of the poll (you want 3% or less)

• when polls are taken too often

When the federal reserve is high?

• Cheap to borrow

• Expensive to borrow