FL101 7-10-23

Why do we care about economics?

• we really don't care

• it tells us who to vote for president

• economic policy affects how much everything costs and the interest rates on loans and credit cards

• my bank controls my interest rates

the Supreme Court decides economic policy for the United States.

• true

• false

The unemployment rate is not part of the economic policy

• true

• false

The U.S. economic policy is concerned with:

• automobile manufacturing and oil production for gasoline

• stable prices, economic growth, unemployment, fair distribution of income and wealth

• how much money you make

• only interest rates

Economic policy is either fiscal policy (government) or monetary policy (interest rates)

• true

• false