Entitlements
Foreign Policy
Economic Policy
Economic Policy Part 2
100
What Negative economic event in American history that led to the creation of entitlement programs?
The Great Depression
100
What is the name of the mutual defense alliance between the US, Canada and much of Europe that protects and secures each member?
North Atlantic Treaty Organization (NATO)
100
What is the name of the specific part of government at makes America’s monetary policy?
The Federal Reserve (The Fed)
100
What word describes a dramatic decrease in the price of products, often indicating a country's economy might be heading into a recession?
Deflation
200
What type of insurance does the government provide to a fired employee?
Unemployment Insurance
200
What is the name of the international organization tries to find peaceful solutions to world problems?
United Nations (UN)
200
If the economy is in a recession, does the government want to increase OR decrease the amount of money in circulation?
INCREASE the amount of money in circulation
200
What word describes a dramatic increase in the price of products, leading to the currency to be less powerful?
Inflation
300
What is the name of the federal program that provides a monthly payment to senior citizens to help them pay bills?
Social Security
300
What is the name of the economic alliance that creates free trade between the members—US, Mexico, Canada?
North American Free Trade Agreement (NAFTA)
300
“The government’s taxing and spending policies”
Fiscal Policy
300
What is the name of the economic indicator measures the rise and fall of consumer goods and services?
Consumer Price Index (CPI)
400
What is the name of the federal program that pays a portion of medical care for the ELDERLY?
Medicare
400
What is the name of the international organization works to help developing nations become more developed and eliminate poverty?
The World Bank
400
“Tool that measures that amount of people unemployed”
The Unemployment Rate
400
“Tool that measures the total value of all new goods and services produced in the USA”
Gross Domestic Product (GDP)
500
What is the name of the program that pays a portion of medical care for LOW-INCOME people?
Medicaid
500
What international organization tries to prevent worldwide FINANCIAL and monetary problems by providing loans to developing countries?
International Monetary Fund (IMF)
500
If the economy was in a recession/depression, the Fed would most likely increase OR decrease interest rates?
DECREASE Interest Rates
500
1. If the economy was in a recession, would the government raise or lower spending? If the economy was in a recession, would the government raise or lower taxes?
1. INCREASE spending 2. LOWER taxes **The goal is to allow people to have more money so they can spend it and help the economy rebound**
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