Show:
TAXES
Economics
Spending
Fiscal Policy
Monetary Policy
100
What 2 reasons does the government charge taxes for?
What is to make money for the government to operate & to discourage certain activities
100
What is it called when you spend more than you make?
What is deficit spending
100
What is controllable & uncontrollable spending?
What is things the gov can decide on amounts to spend, things the gov MUST spend money on
100
What is the biggest indicator of economic health?
What is full employment
100
Monetary policy deals with what 2 things?
What is the money supply & available credit
200
What are 3 things you need a license to do?
What is Hunting, fishing, driving, sell/serve alcohol, buy/sell firearms, prospect
200
What is supply side economics?
What is lowering taxes
200
Give an example of controllable & uncontrollable spending
What is Controllable -- transportation, military uncontrollable -- social security, medicare, interest
200
what is an increase in prices? decrease in prices?
What is inflation, deflation
200
what are reserve requirements?
What is how much money a bank needs to keep in its vaults
300
What is the tax rate for Social Security, Medicare & unemployment?
What is 6.2%, 1.45%, .08%
300
What is demand side economics?
What is borrowing $ to up government spending
300
Which politician has a plan to reduce our debt & start to pay it back?
What is Ron Paul
300
what number measures the inflation rate?
What is Consumer price index (CPI)
300
who is in charge of the monetary policy & how are they funded?
What is Fed-- by themselves not Congress
400
What price must a gift be over before you must pay taxes on it? What must someone's estate be worth in order to have to pay taxes on it when you die?
What is $13,000 $3.5 million
400
What party likes supply side? Which president has used this?
What is Republicans, G. W. Bush
400
What type of economics have both Obama & Bush used to get us out of a recession?
What is both supply & demand side
400
what 2 things aren't included in CPI?
What is investments/taxes
400
What will a lower interest rate for the US allow to happen?
What is more loans = more $ into the economy
500
What is a progressive tax? What is a regressive tax?
What is same rate for everyone, based on someone's income
500
What party likes demand side economics? Which president has used it?
What is democrats, FDR
500
What is the total value of all the goods & services that a country produces in a year?
What is GDP
500
What type of inflation happens because higher prices lead to workers asking for higher wages -- leading to higher prices?
What is wage price spiral
500
What will buying back bonds from banks mean for the US?
What is more $ = more loans = more economic activity