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

Flashcard
•
Social Studies
•
9th - 12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Fiscal Policy
2.
FLASHCARD QUESTION
Front
Taxing and Spending are tools of
Back
fiscal policy
3.
FLASHCARD QUESTION
Front
Is a joint effort between the executive and legislative branches?
Back
fiscal policy
4.
FLASHCARD QUESTION
Front
What is the term for the government's action to decrease taxes to help the economy grow?
Back
fiscal policy
5.
FLASHCARD QUESTION
Front
What can the government do to slow the economy in order to reduce inflation? Options: lower taxes, raise taxes, spend more
Back
raise taxes
6.
FLASHCARD QUESTION
Front
To help the economy grow, the government can: increase spending, decrease spending, lower the minimum wage, raise taxes
Back
increase spending
7.
FLASHCARD QUESTION
Front
The action by the FED to adjust the size of the money supply, and to adjust interest rates in order to keep prices down and employment high.
Back
monetary policy
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