What is Fiscal Policy?

Fiscal and Monetary Policy

Flashcard
•
Social Studies
•
9th - 12th Grade
•
Hard
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12 questions
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1.
FLASHCARD QUESTION
Front
Back
Actions taken by the government to affect the business cycle
2.
FLASHCARD QUESTION
Front
What is Monetary Policy?
Back
Actions taken by the federal reserve to affect the business cycle
3.
FLASHCARD QUESTION
Front
Which of the following is not a Fiscal Policy action? Increasing Taxes, Decreasing Taxes, The Federal Reserve Selling Bonds, Increasing Government Spending
Back
The Federal Reserve Selling Bonds
4.
FLASHCARD QUESTION
Front
Which of the following is not a Monetary Policy action? Selling Bonds, Required Reserves for Banks, The Federal Reserve Buying Bonds, Decreasing Taxes
Back
Decreasing Taxes
5.
FLASHCARD QUESTION
Front
If the economy is experiencing high inflation which combination below would work best to decrease inflation? Options: Increase Taxes, Decrease Government Spending; The Federal Reserve Buying Bonds, The Federal Reserve Selling Bonds; Increase Bank Required Reserves, The Federal Reserve Buying Bonds; Decrease Taxes, Decrease Government Spending
Back
Increase Taxes, Decrease Government Spending
6.
FLASHCARD QUESTION
Front
If an economy is experiencing a recession, which action below would work best to get GDP to expand/increase again? Options: Increase Taxes, The Federal Reserve Buying Bonds, Lower Bank Required Reserves, Decrease the Discount Rate
Back
The Federal Reserve Buying Bonds
7.
FLASHCARD QUESTION
Front
How much control does the President of the US have over the economy?
Back
Almost none
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