EPF Unit 2

The use of government spending and tax policies to influence economic conditions

• Monetary Policy

• Economic Overhaul Policy

• Fiscal Policy

• Aggregate Demand Policy

Refers to the actions of central banks to achieve macroeconomic policy objectives such as price stability, full employment, and stable economic growth

• Monetary Policy
• Fiscal Policy
• Foreign Policy
• Trade Policy

Action by the government intending to create economic activity in the general public

• demand

• supply

• Stimulus

• monetary policy

a type of macroeconomic policy that is implemented to stimulate the economy and promote economic growth

• Austerity policy
• Expansionary policy

• Stagnation policy
• Contractionary policy

macroeconomic tool used to combat rising inflation

• Contractionary policy

• Trade deficit
• Unemployment benefits
• Expansionary policy

a company or group of people authorized to act as a single entity and recognized as such in law

• Corporation
• Partnership
• Sole Proprietorship
• Cooperative

A business whose single owner pays personal income tax on profits earned from the unincorporated business

• Sole Proprietorship
• Corporation
• Limited Liability Company
• Partnership

a legal arrangement that allows two or more people to share responsibility for a business

• Nonprofit

• Sole Proprietorship
• Corporation
• Partnership

an association of persons (organization) that is owned and controlled by the people to meet their common economic, social, and/or cultural needs

• A Corporation
• A Non-Profit Organization
• A Cooperative
• A Partnership

a group organized for purposes other than generating profit and in which no part of the organization's income is distributed to its members, directors, or officers

• Non-profit organization
• For-profit organization
• Government organization
• Private company