Fiscal and Monetary Policy REVIEW

Front

Which of the following are responsible for making fiscal policy decision? Options: 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

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

Back

The Fed

Front

Which fiscal policy tool would be used if the economy were in a trough? Options: increase the money supply, increase individual tax rate, decrease the money supply, increase government spending

Back

increase government spending

Front

Which of the following fiscal policy tools would decrease the national debt?
Options:
increase income taxes,
decrease income taxes,
increase money supply,
decrease money supply

Back

increase income taxes

Front

The President is directly involved with which of the following? fiscal policy, monetary policy, setting interest rates, changing the money supply

Back

fiscal policy

Front

The Fed keeps a certain amount of money out of circulation. This is referred to as....

Back

Reserve requirement

Front

Who is in charge of Monetary Policy?

Back

The Federal Reserve System

Front

Monetary Policy is the Federal Reserve Systems attempt to...

Back

control the amount of money in circulation

Front

Which of these is NOT a monetary policy tool? Discount rate, Balance Accounts, Open Market Operation, Reserved Requirements

Back

Balance Accounts