Unit 5 - Monetary Policy

Front

What is the primary goal of monetary policy?

Back

Stabilize the economy

Front

Which of the following is a tool used in monetary policy? Taxation, Government spending, Interest rates, Trade tariffs.

Back

Interest rates

Front

Which of the following is NOT a goal of monetary policy? A) Price stability, B) Full employment, C) Economic growth, D) Increasing national debt.

Back

Increasing national debt.

Front

Inflation control is primarily the responsibility of which entity? Options: Federal Reserve, Congress, Department of Commerce, State Governments

Back

Federal Reserve

Front

The Chairman of the Federal Reserve is responsible for making decisions about ________.

Back

Interest rate values

Front

Who controls fiscal policies in the United States?

Back

Congress and the President

Front

What is one way fiscal policy can be changed? Options: By altering the tax rate, By changing the weather, By modifying school curriculums, By adjusting the national anthem.

Back

By altering the tax rate

Front

Which branches of government are involved in changing the amount collected and spent in fiscal policy?

Back

Legislative and Executive