Chapter 24 PT 1
The amount of Fiscal Policies there are
What is 2?
1 divided by (1-MPC)
What is The Multiplier Effect Formula?
The potential amount of money that banks can create by initial deposit
What is Money Multiplier?
Buying/Selling U.S. Bonds
What is Open Market Operations?
Scranton for Exam
What is 888E?
The Fiscal Policy used for an Overheated Economy
What is Contractionary?
All past borrowing that we still owe
What is Debt?
1933
What is when the FDIC was created?
The amount of banks in the Federal Reserve System
What is 12?
Final Exam Date
What is May 19th?
Decrease in Government Spending/Increase in Taxes
What is Contractionary Fiscal Policy?
By Increasing/Decreasing Aggregate Demand
What is Fiscal Policy?
Interest Rate banks charge for each other
What is the Fed Funds Rate?
What is money is destroyed?
The amount of points the Final Exam is worth
What is 65?
The amount of systems there are for Automatic Stabilizers
What is 2?
The Fiscal Policy used for an Economic Recession
What is Expansionary?
Money Multiplier Formula
What is 1 divided by RRR?
The role of the Federal Reserve and the Government
What is mostly independent?
Final Exam Time
What is 9:00AM?
Reducing Taxes and Regulations so that suppliers will have incentives to increase production and stimulate the economy
What is Supply-Side Economics?
Act to keep the economy at long-run equilibrium by keeping Aggregate Demand from growing too much/falling too much during a Recession
What is Automatic Stabilizers?
Serves as a bank to other banks
What is a Function of the Federal Reserve Banking System?
RRR
What is Required Reserve Rate?
Best Professor on Campus
Who is Professor Pankratz?