Front

Which of the following are responsible for making fiscal policy decisions? The President and Congress, The Federal Reserve System, The National Council of Economic Advisors, The Commerce Department

Back

The President and Congress

Front

The federal government's overall approach to spending and taxes is called

Back

Fiscal Policy

Front

This is an example of: "In February, lawmakers set themselves up to reach a more permanent spending agreement by the end of March. Congress agreed to increases to domestic and defense spending over the next two years, raising funding for domestic programs by $128 billion and hiking defense budgets by $160 billion."

Back

Fiscal policy

Front

"The U.S. Federal Reserve is almost certain to hike interest rates Wednesday to the highest level in a decade: 1.5 to 1.75 percent." This is an example of

Back

Monetary policy

Front

Monetary policy decisions are decided by: Congress, Senate, The Fed, President

Back

The Fed

Front

a rise in the cost of goods and services

Back

inflation

Front

Fee charged by the Federal Reserve Bank for other member banks to borrow money from the FED - that influences all other borrowing rates

Back

discount rate

Front

The goal of monetary policy is to

Back

prevent inflationary and recessionary economic periods

Front

"The Fed" refers to the....

Back

Federal Reserve System/Bank

Front

If the United States is experiencing inflation, the Fed will likely

Back

Decrease the supply of money in the economy