Fiscal and Monetary Policy (EL)

Front

Who controls monetary policy?

Back

The Federal Reserve

Front

Who controls fiscal policy?

Back

Congress

Front

How does fiscal policy work?

Back

Through taxing and spending

Front

How does monetary policy work?

Back

Through the money supply

Front

What is the GDP used for?

Back

To measure the economy

Front

What is a recession?

Back

An economic downturn

Front

Why is inflation bad?

Back

Because the value of money goes down