Fiscal and Monetary Policy

What tool of monetary policy describes the Fed buying and selling bonds?

In the federal budget, which type of spending must occur due to current laws?

The Fed has ordered an increase in the reserve requirements. What will happen to the money supply?

Keynesian economists believe the economy needs little to no regulation

The use of government spending and revenue collection to influence the economy is called…

Which principle of tax fairness states that people should pay taxes according to their ability to pay?

What type of tax increases based off the amount of income a person makes?

A general revenue tax on the sale or manufacture of a good is called...

The Fed has decided to buy back bonds. What will happen to the money supply?

The federal funds rate is always higher than the discount rate

Which of the following is NOT a reason why the fed was formed?

Which of the following government actions is an example of contractionary policy?

Which of the following is NOT a part of the Federal Reserve system?

Who conducts the monetary policy of the U.S.?

What characteristic of taxes says that taxes should be fair?

Which branch is responsible for creating the federal budget?

Which of the following government actions is an example of expansionary policy?

The more elastic the demand, the more the seller bears the burden of a tax

What is the interest rate on loans between banks called?

What type of economist believes that the government can be a stabilizing force on demand?