Monetary and Fiscal Review

(a)   is responsible for making fiscal policy decisions. 

• Federal Reserve

• Treasury Department

• Congress

• White House

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

• The Federal Open Market Committee

• Fiscal Policy

• The Federal Reserve

• Monetary Policy

Which of the following would stimulate the economy? Choose all that apply!

• Decrease taxes

• Raise taxes

• Government spends more on Science research

• Government cuts funding to organizations like the National Science Foundation

(a)   policy:

"Fed unleashes another big rate hike in bid to curb inflation"

• Inflation Control

• Economic Growth

• Interest Rates

• Federal Reserve

(a)   is the capital of (b)  

• New Delhi

• Mumbai

• India

• USA

In Bikini Bottom, the Krusty Krab wants to boost its business, so Mr. Krabs decides to lower the price of Krabby Patties. This allows SpongeBob and his friends to have more sand dollars to spend on jellyfishing gear and bubble soap.

• fiscal policy

• monetary policy

In Bikini Bottom, what can the Krusty Krab do to slow down the jellyfish population boom in order to keep jelly prices stable?

• lower jelly prices

• raise jelly prices

• catch more jellyfish

In Bikini Bottom, the Krusty Krab wants to boost its business. What can Mr. Krabs do to help the economy grow?

• increase spending

• decrease spending

• lower the minimum wage

• raise taxes

In order to help the economy grow, the FED may____________the reserve requirement, allowing banks to loan more people money so that they spend more

• lower

• raise

• ignore

• end

In order to slow the economy, the FED may____________ the reserve requirements and there will be less money to loan out to people.

• increase

• decrease

• spend more

• tax more