Monetary
Taxes
Mystery Box
FED Reserve
Policy
100
All banks must do this
maintain % of deposits in bank
100
A tax that takes the same percentage of income from the wealthy and poor.
Proportional
100
The date by which all taxes must be filed
April 15th
100
FED primary job (Press Your Luck)
Control Money Supply
100
Increasing Government spending is this type of policy
expansionary fiscal policy
200
to fix the effect of business cycle, who uses policies to do it
Federal Reserve
200
Tax which takes a higher percentage of income from the poor than from the rich.
Regressive
200
FICA
Federal Insurance Contributions Act
200
major source of revenue for the fed
Progressive Taxes
200
operations involve the buying and selling of government securities (Press Your Luck)
Open Market
300
people borrowing loans, interest rates are low are this type
Loose Money Policy
300
Tax designed to take a larger percentage of income from the wealthy than the poor.
Progressive
300
Provides funds for older Americans, their survivors, and disability insurance.
Social Security Taxes
300
Raise reserve requirements and raise the discount rate
how the FED can restrict money supply
300
the interest rate charged by Federal Reserve Banks to depository institutions on short-term loan
discount rate
400
during rapid expansion the FED will do this (Press your Luck)
Tight Money Policy
400
Sales Tax is an example (Press Your Luck)
Regressive
400
tax on the sale or production of a good
Excise Tax
400
When the Federal Reserve buys bonds on the open market, how does it effect money supply and aggregate demand
Both Increase
400
portions of deposits that banks must maintain either in their vaults or on deposit at a Federal Reserve Bank
Reserve Requirement
500
policy does the FED uses to fix a contraction
Loose money Policy
500
Income Tax with Tax Brackets is an example
Progressive
500
Tax on the total value of money and property of a person who has died aka Death tax
Estate Tax
500
Chairman of the Federal Reserve Board (Press Your Luck)
Janet Yellan
500
Fiscal policy is largely based on the ideas of British economist
John Maynard Keynes
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