US Economy
Government Intervention
Fiscal Policy
Monetary Policy
Money and Bank
100
current dollars
What is nominal GDP
100
a good that is hard to restrict access for everyone to use
What is a public good
100
Increasing government spending and lowering taxes are a an attempt at what?
What is government stimulas
100
the use of money and credit controls to influence macroeconomic activity
What is monetary policy
100
cash and coin
What is single largest element of M1
200
skills acquired through education, training, and experiance
What is human capital
200
causes the underprodcution of goods
What is free rider phenomonon
200
MPS is
What is marginal propensity to save
200
How long is the term for the Chairman of the Federal Reserve
What is 14 years
200
the fact that wealth invested by some tends to multiply over time
What is the money multiplier
300
payment for which no direct services are provided
What is an income transfer
300
a doughnut is an example of what type of good?
What is a private
300
What should the US gov't do if were experiancing inflation?
What is fiscal restraint
300
What is the result of the federal reserve raising the reserve requirement?
What is there is less money in supply
300
A bank can make loans up to?
What is an amount equal to its excess reserves
400
Real GDP is adjust for?
What is inflation
400
Social Security payments are an example of
What is transfer payment
400
A budget deficit occurs when?
What is when government spending exceeds revenues
400
rate of interest charged by the federal reserve to member banks
What is discount rate
400
Basic definition of money supply
What is M1
500
The federal income tax is an example of
What is a progressive tax
500
largest income transfer program
What is food stamps
500
was the springboard for Keynesian Theory
What is the great depression
500
Who is the current Chairman of the federal reserve?
Who is Ben Bernanke
500
1/requiered reserve ration
What is money multiplier
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