Economy Basics
What measures total goods and services produced?
What is GDP?
Who controls Monetary Policy
What is the Federal Reserve
Which 2008 program gave $700 billion to banks to prevent collapse?
What is TARP?
What was the main goal for TARP?
What is to prevent bank collapse?
What happens when major indicators drop for 2 periods?
What is a recession?
Which policy uses interest rates and money supply to control the economy?
What is monetary policy?
Which 2009 plan spent $800 billion to create jobs and boost spending?
What is AARP?
Which program gave tax rebates and government spending to boost the economy?
What is AARP?
What index tracks the cost of goods and services?
What is the CPI?
Give one example of a fiscal policy action during a recession.
What is building infrastructure, tax cuts, or stimulus checks?
Which type of policy involves the president working with Congress to tax or spend?
What is Fiscal Policy?
What does TARP stand for?
What is Troubled Asset Relief Program