Fiscal/Monetary Policy
What is the name of the central bank in the USA that regulates the monetary system?
The Federal Reserve
What defines someone as being unemployed in the census?
People who have not worked, or had a job during the reference week, and who were actively looking for work in the last 4 weeks.
The kind of tax that takes a larger percentage of income from high-income groups than from low-income groups
Progressive Tax
what is the name of the 12 month financial planning period that may or may not coincide with the calendar year?
Fiscal Year
what was the Name of the Economic depression in 1929?
The Great Depression
The expansion or contraction of the money supply in order to influence the cost and the availability of credit is?
Monetary policy
What kind of unemployment occurs seasonally?
Seasonal unemployment
The kind of tax that takes the same percentage of income from all income groups.
Proportional
who is the last person that signs off on the Federal budget
The President
When the Economic boom that followed the great depression
1982 to 1997
who came up with monetary policy?
Milton Friedman
T or F, if you contribute to a family business without pay you are considered unemployed
True
A tax that takes a larger percentage of income from low-income groups than from high-income groups
Regressive Tax
a negative balance that results when expenditures exceed revenues in the Federal Budget
Budget Deficit
A period of great economic growth in the 1920'S
The use of taxes and government spending to affect the economy
Fiscal Policy
How many different types of unemployment are there?
5
The tax when food is taken from someone
Fanum tax
when expenditures are less than revenues in the Federal Budget
Budget Surplus
What is an economic depression
a period in time in which the economy gets worse and declines
who came up with fiscal policy?
John Maynard Keynes
On average, what percent of Americans are unemployed?
about 4%
A pharaoh in egypt 5000 years ago
when was the Federal Budget introduced
July, 1974
stock market crash, inflation, unemployment, etc