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Economic Policy Flashcards | StudBud
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Economic Policy
Economic Policy
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StudBud Administration
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#economicpolicy#fiscalpolicy#monetary policy
Flashcards
15 cards
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Questions
15
Answers
1
Which of the following does not apply to Keynes?
deficit spending
stimulate aggregate demand
deregulation
public works projects
2
Which of the following does not apply to supply-side/Reagonomics?
lower taxes
increase aggregate demand
deregulation
selling state-owned assets to the private sector
3
The belief that the government should stay out of the economy & private business
communism
socialism
mixed market economics
laissez-faire economics
4
central bank of the US that regulates the money supply & lending practices of banks
the FDIC
the Fed
the US Treasury
the CPI
5
Which of the following does not apply to members of the Federal Reserve Board of Governors?
elected officials
serve for 14 year terms
experts in their field
less political pressure
6
a central bank influences a nation's money supply and interest rates
supply-side policy
monetary policy
fiscal policy
regulatory policy
7
Which of the following is incorrect about the chair of the Fed?
terms are renewable
4 year terms
appointed by the president
confirmed by the House of Representatives
8
advocated increased gov't expenditures&lower taxes 2 stimulate demand to help depressed economy
Keynes
Hayek
Teddy Roosevelt
Reagan
9
means by which gov't adjusts its spending levels&tax rates 2 monitor&influence nation's economy
fiscal policy
regulatory policy
monetary policy
entitlement policy
10
Less government intervention in the economy & more market competition
hyperinflation
stagflation
deflation
deregulation
11
In times of economic growth, the Fed might do all of the following except
require banks to keep more money in reserve
sell government securities to member banks
increase the discount rate
increase the money supply
12
Which of the following is generally not present when the economy is in a recession?
less money in circulation
fewer people taking out loans
low unemployment
slow growth in the GDP
13
the interest rates at which member banks can borrow money from the Fed
discount rate
open market rate
credit rate
reserve rate
14
In times of economic recession, the Fed might do all of the following except
buy government securities from member banks
encourage banks to lend more money
attempt to increase the money supply
increase interest rates
15
theory that argues
economic
growth can be most effectively created by lowering taxes
Keynes
Supply-side
aggregate demand
Franklin Roosevelt