Taxes
The main reason countries collect taxes.
What is to pay for government services and programs?
This is the money the government collects/makes.
What is federal revenue?
Fiscal policy’s main goal is this.
What is to keep the economy stable and growing.
One of the main jobs of the federal reserve is to manage this.
What is monetary policy?
The main goals of monetary policy include keeping prices stable along with this?
What is helping people find more jobs?
These are the two main kinds of taxes.
What is direct and indirect taxes?
This is the governments plan for spending money each year.
What is the federal budget?
This is when the government changes its spending and taxes to influence the economy
What is fiscal policy?
The number of regional banks that are apart of the federal reserve system.
What is twelve?
This is the process where the central bank controls the money supply.
What is monetary policy?
This is a tax that is based on how much money you make.
What is income tax?
This part of the budget must be spent by law and doesn't change that often.
What is mandatory spending?
This policy focuses on lowering taxes and reducing rules to help businesses grow.
What is supply-side economic policy?
The federal reserve is in charge for controlling this to keep prices stable.
What is inflation?
This is a policy that involves lowering interest rates to help increase the money supply and boost the economy.
What is an easy money policy?
A tax system takes away more money from people who earn more.
What is progressive tax?
This part of the budget can be changed each year by congress.
What is discretionary spending?
This policy is about the government spending more money to boost the economy during bad times.
What is Keynesian economic policy?
What the Federal Reserve does to control the money supply and interest rates.
What is monetary policy?
This policy involves making interest rates go up to reduce the money supply and control inflation.
What is a tight money policy?
A tax system takes the same percentage from everyone.
What is proportional tax?
This is when the government spends more money than they make every year.
What is a budget deficit?
This effect happens when government spending leads to more economic activity and growth.
What is the multiplier effect?
This involves the Federal Reserve buying and selling government bonds.
What is open market operations?
This tool sets the interest rates that banks can borrow money from the Federal Reserve.
What is the discount rate?