Fisical policy
Money
Types of taxes
How the government spends money and where.
Monetary policy
100
Total Amount of money that the government owes.
What is National debt
100
What happens if the government goes over the budget?
It adds to the national debt.
100
A tax where income paid In taxes increases as income increases
What is progressive tax (US income tax)
100
Social security
1.01 trillion
100
Interest rates the banks get charged for narrowing money for the fed.
What is discount Rate
200
what happens to the economy if taxes increase?
The economic activity would fall.
200
Role of money
Medium for exchange
200
A tax where the income paid in taxes decreases as income increases.
What is Regressive tax (US sales tax)
200
The amount of money banks must keep on hand.
What is the reserve requirement.
300
What happens to the economy if spending increases?
Economic activity would increase.
300
How many district banks are their?
12
300
A tax where income paid in taxes stays the same at all levels.
What is Proportional tax.
300
The amount of money in a circulation at a given time.
What is monetary policy.
400
What three things does the federal government change the fisical policy to promote?
What is price stability, full employment, and economic growth.
400
How much National debt is there as of October 4, 2017?
20.2 trillion
400
Taxes imposed on employees as a part of there salery they are paid.
What is payroll taxes.
400
Education
60.2 billion
400
By controlling the monetary policy the government can do what to the economy?
What is manipulate the economy
500
How does the government control the economy?
By changing the taxing and spending of the government.
500
How many people are in the federal open market committee(FOMC)
19 all together. (7 members of the board of governors and 12 district bank presidents)
500
A tax levied on the net value of a deceased person.
What is estate tax.
500
Transportation
416 billion
500
Banks buy treasury bond from the federal government in exchange for the government paying them back later with interest.
What is open market operations.
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