Fiscal & Monetary Policy

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What is fiscal policy?

Back

The use of government spending and taxation to influence the economy.

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What is monetary policy?

Back

The control of the money supply and interest rates by a central bank

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What is the role of the Federal Reserve?

Back

Controlling the money supply and interest rates

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What is a labor union?

Back

An organization that promotes the interests of workers in a particular industry.

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What is a cooperative?

Back

A type of business owned and operated by a group of individuals for their mutual benefit.

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Which of the following is an example of expansionary fiscal policy? Increasing government spending and reducing taxes, Decreasing government spending and increasing taxes, Increasing interest rates to reduce borrowing, Decreasing interest rates to encourage borrowing

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Increasing government spending and reducing taxes

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Which of the following is an example of expansionary monetary policy? Increasing government spending and reducing taxes, Decreasing government spending and increasing taxes, Increasing interest rates to reduce borrowing, Decreasing interest rates to encourage borrowing

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Decreasing interest rates to encourage borrowing

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What is the purpose of contractionary monetary policy?

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To control inflation during an economic boom

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How do labor unions engage in collective bargaining?

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By negotiating with employers for better wages and working conditions

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How do labor unions contribute to worker's rights?

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By negotiating with employers for better wages and working conditions