The monetary value of all the finished goods and services produced within a country's borders in a specific time period.
What is GDP?
100
Gives healthcare to the elderly
What is Medicare?
100
Means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.
What is fiscal policy?
100
Policies meant to change the interest rate
What is the monetary policy?
100
A federal agency within the legislative branch of the United States government that provides budget and economic information to Congress.
What is the CBO?
200
The biggest part of US GDP?
What is consumption?
200
Gives healthcare to the poor
What is Medicaid?
200
How does Congress affect fiscal policy?
We'll do it live!
200
Cost of borrowing
What is the interest rate?
200
An agency within the Executive Office of the President, is charged with offering the President objective economic advice on the formulation of both domestic and international economic policy.
What is the CEA?
300
Current US GDP
What is 19.5 trillion?
300
Run jointly between state and federal government?
What is Medicaid?
300
How does the president affect fiscal policy?
We'll do it live!
300
Buying and selling government securities to change the supply of money and cost of money
What are open market operations?
300
Department in charge of paying America's public debt
What is the Treasury Department?
400
A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care.
What is the CPI?
400
Program provides temporary financial assistance for pregnant women and families with one or more dependent children.
What is the The Temporary Assistance for Needy Families (TANF)?
400
The opposite of mandatory spending?
What is fiscal spending?
400
Limit on the minimum amount of money that banks needs to keep as their reserves.
What are reserve requirements?
400
Who Chair of the Fed?
Who is Yanet Yellen?
500
Medicare is a type of what spending
What is entitlement spending?
500
Type of tax system in the US
What is progressive tax system?
500
The interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility