AG Unit 8 FA Dummy 1

What is the main goal of monetary policy?

• Increase government control

• Promote price stability and growth

• Expand the military budget

• Prevent elections

What is adjusted by the Fed to help control the economy?

• Consumer prices

• Minimum wage

• Federal funds rate

• National debt

The Fed uses interest rates to respond to what?

• International tariffs

• Inflation or unemployment

• Voter turnout

• Stock market speculation

What agency oversees the stock market?

• Department of Finance

• Securities and Exchange Commission

• Federal Banking Board

• Internal Revenue Service

What does OSHA focus on improving?

• Job placement rates

• Workplace safety

• Corporate profit margins

• Global trade

What agency tracks unemployment and other key statistics?

• Census Bureau

• Bureau of Labor Statistics

• Department of Commerce

• Treasury Department

What does GDP stand for?

• Gross Daily Production

• General Department of Prices

• Government Debt Planning

• Gross Domestic Product

What does GDP measure?

• Federal tax income

• Imports and exports across the whole world

• All final goods and services produced annually

• National debt level

A general rise in prices is known as what?

• Deflation

• Depreciation

• Inflation

• Recession

What is a general decrease in prices called?

• Contraction

• Deflation

• Inflation

• Stabilization