What does a low rate of unemployment in the US STAND FOR?
What is good economic health
100
What is unemployment
What is the percentage of a nations labor force that is currently not working but is actively looking for work.
100
Who is the current US President?
Who is Donald Trump
100
What does the federal reserve control?
What is the money supply within the US
100
How many federal banks are there in the US
What is 12
200
What are the four types of unemployment?
What is structural, frictional, seasonal, cyclical.
200
What is national debt?
What is the total amount of money the federal government owns.
200
If the government is over budget, this is known as what?
What is a deficit
200
What is the monetary policy?
What is The Federal Reserve’s actions, as the central bank, to achieve three goals: maximum employment, stable prices and moderate, long-term interest rates
200
What is a regressive tax
What is a tax for which the percentage of income paid in taxes decreases as income increases - US sale taxes
300
What are the three things the federal government promotes in fiscal policy?
What is price stability, full employment, and economic growth.
300
What is Government deficit?
What is the dollar amount that a country is over budget within a given fiscal year
300
What is the trough in the business cycle?
What is the low point of the economy. Unemployment rate is high.
300
What kind of people do not fall under the unemployment category?
What is children, retired people, students, stay-at-home parents, and people who have given up looking for a job
300
Where is the federal reserve organization?
What is Washington D.C.
400
He does the fiscal policy work?
What is the Congress proposes all taxes and spending choices and the president signs them into law.
400
What is fiscal policy?
What is the taxing and spending decisions set by the federal government
400
If the government is under budget, this is know as what?
What is a surplus?
400
What is the role of money?
What is money allows easy access for transactions between businesses and household
400
What is the unemployment rate?
What is 4.3
500
What is the federal reserve?
What is the central bank of the US
500
What is recession?
What is the time when the economy is in contraction for two consecutive quarters
500
What does FOMC stand for?
What is Federal open market committee.
500
What is progressive tax?
What is a tax for which the percentage of income paid in taxes remains the same at all income tax