Bill of Rights
Cruel & Unusual Punishment / Excessive Fines
8th Amendment
States cannot be sued by citizens of another state, or foreign country, in federal court.
11th Amendment
Fiscal policy aims to influence the economic activity through the use of
government spending and taxation
Who performs monetary policy?
The Federal Reserve
Freedom of the press and assembly
First Amendment
Equal protection of the law is enshrined in what amendment?
14th Amendment
How would the government use taxes to encourage economic growth?
Decrease taxes
What happens to the money supply when the Fed raises reserve requirements?
Contracts/decreases
Trial by jury in civil cases
7th Amendment
Which amendment?: Electors must cast a distinct vote for a President and Vice President on their ballot.
12th Amendment
If the government wanted to encourage individuals to save and not spend, how would they use taxes to accomplish this?
Increase taxes
Lowering the reserve requirement would encourage or discourage spending?
Encourage
No unreasonable search and seizure
4th Amendment
Prohibition of alcohol
18th Amendment
Who performs fiscal policy?
The President & Congress (legislative & executive)
Lowering the discount rate would encourage or discourage spending?
Encourage
Powers of the states
10th Amendment
Direct election of senators
17th Amendment
The economy falls into a recession next year. The President and Congress decide to spend $800 Billion on "stimulus" programs that help Americans get back to work. What type of policy is this?
Expansionary policy
When the Federal Reserve Bank is expanding the money supply, it usually means they want the economy to...
Grow