Virtual Civics/Michelena
Fiscal & Monetary Policy
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Read the lecture “fiscal & monetary policy” and answer the following:
What are the three economic policy objectives of the US Government?
1.
Views on how to do this:
Liberal:
Moderate:
Conservative:
2.
At what rate is full employment achieved?
3.
What is the CPI?
What are the three ways in which the government achieves its objectives?
1.
2.
Who is in charge of fiscal policy?
What is the principle instrument of fiscal policy?
What is the principle source of money for the government?
3.
What is The Fed?
When was the Fed created?
Who is in charge of The Fed? How does he get this job?
What are the three tools of The Fed?
1.
2.
3.
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Monetary Policy:
û What is the definition of money?
û Why can money be controlled?
û What was held in reserve equal to the value of paper money?
û What was this called?
û What happened in the 1930s?
û What does the flow of money impact?
û What can stimulate economic growth?
û What does the central bank of a country do?
Fiscal Policy:
û What is fiscal policy?
û Did the US generally have a balanced budget?
û When did this change? Why?
û What is deficit spending?
û When is deficit spending acceptable?
û When is deficit spending more controversial?
Return to the web site to take a quiz on economic policy/ Record your score here:
