WorksheetsMonetary Policy Quiz (Ch 16 and some 14, 15)
Total questions: 17
Worksheet time: 9mins
the actions the Federal Reserve takes to influence the level of real GDP and the rate of inflation in the economy
monetary policy
fiscal policy
open market operations
monetarism
the twelve banking districts created by the Federal Reserve Act
Federal Reserve Districts
Federal Advisory Council (FAC)
required reserve ratio (RRR)
tight money policy
the research arm of the Federal Reserve
Federal Reserve Council (FAC)
Federal Open Market Committee (FOMC)
money multiplier formula
easy money policy
Federal Reserve committee that makes key decisions about interest rates and the growth of the United States money supply
Federal Open Market Committee (FOMC)
Federal Advisory Council (FAC)
Federal Reserve Districts
open market operations
ratio of reserves to deposits required of banks by the Federal Reserve
required reserve ratio (RRR)
monetary policy
fiscal policy
monetarism
amount of new money that will be created with each demand deposit, calculated as 1/RRR
money multiplier formula
required reserve ration (RRR)
easy money policy
tight money policy
the buying and selling of government securities to alter the supply of money
open market operations
monetary policy
monetarism
Federal Advisory Council (FAC)
the belief that the money supply is the most important factor in macroeconomic performance
monetarism
monetary policy
fiscal policy
easy money policy
monetary policy that increases the money supply
easy money policy
tight money policy
Federal Open Market Committee (FOMC)
Federal Reserve Districts
monetary policy that reduces the money supply
tight money policy
easy money policy
monetary policy
required reserve ratio (RRR)
the use of government spending and revenue collection to influence the economy
fiscal policy
monetary policy
classical economics
supply-side economics
the idea that free markets can regulate themselves
classical economics
Keynesian economics
monetary policy
national debt
a form of demand-side economics that encourages government action to increase or decrease demand and output
Keynesian economics
supply-side economics
classical economics
budget surplus
a tax on the dollar value of a good or service being sold
sales tax
gift tax
estate tax
excise tax
a tax for which the percentage of income paid in taxes increases as income increases
progressive tax
regressive tax
proportional tax
property tax
spending on certain programs that is mandated, or required, by existing law
mandatory spending
discretionary spending
operating budget
capital budget
spending category about which government planners can make choices
discretionary spending
mandatory spending
operating budget
capital budget
