Front

Who is responsible for Monetary Policy?

Back

Federal Reserve

Front

What does Monetary Policy control?

Back

The Money Supply

Front

When there is Inflation, which Monetary Policy will the Fed use?

Back

Tight Money

Front

When there is a Contraction, which Monetary Policy will the Fed use?

Back

Easy Money

Front

What is the way of getting out of a Contraction?

Back

Encourage Spending

Front

What is the way of getting out of Inflation?

Back

Discourage spending

Front

When there is Inflation, what will the Fed do with Interest Rates?

Back

Increase interest rates to discourage spending

Front

When there is a Contraction, what will the Fed do with Interest Rates?

Back

Decrease interest rates to encourage spending

Front

Who is responsible for Fiscal Policy?

Back

Congress & the President

Front

What does Fiscal Policy control?

Back

Spending & Taxing by the Federal Government