Fed and Monetary Policy
This is the name of the group in between the board of governors and the district banks.
What is the FOMC (Federal Open Market Committee)?
This is the type of student loan that students should select first.
What are subsidized loans?
This is the fundamental economic problem.
What is scarcity?
This is a tax also known as a "flat tax".
This is the candy company from Parks and Recreation.
What is Sweetums?
This is the form of monetary policy where banks must keep a certain percentage of deposited money in the banks.
What are reserve requirements?
This is the type of interest specifically associated with car loans.
What is APR (Annual Percentage Rate)?
This is how you complete the following phrase: For the law of supply, as the price __________, the supply ______________. (2 answers possible)
What is increases, increases or decreases, decreases?
These are the two basic principles as to how taxes should be assessed.
What are the benefit and ability to pay principles?
The theme song to this show begins with the words "I want to be, the very best, like no one ever was".
What is Pokemon?
This is the group at the bottom of the organization of the Fed.
What are individuals/people?
This is a government assistance program that helps pay for groceries.
What are food stamps/EBT/SNAP?
Related to the equilibrium, this is where a price floor and a price ceiling would be.
What is above and below, respectively?
This is a tax on products that are bad for you.
What are excise taxes (or sin taxes)?
This is the number of Star Wars movies Mr. Neese has watched within the last week all the way through.
What is 4?
This is an explanation of what it means to take on expansionary monetary policy.
What is to grow the money supply in the economy?
These are 3 major issues that low income/minimum wage earners face.
What are a way too long list of things that Mr. Neese will confirm?
What is an explanation Mr. Neese will approve?
This is an explanation of a progressive tax, and an example of a progressive tax in real life.
What is a tax whose percentage gets larger as your income increases, and what is the Federal income tax?
This is the type of car that Oprah gave away.
What is a Pontiac G6? (G6 is acceptable)
This is an explanation of how the discount rate set by the Fed impacts bank loans given to individuals.
What is that the rate that the Fed sets for interest on loans given to banks determines how high or low the interest rate will be for loans given from banks to individuals so they can make a profit? (or something like that)
This is what it means to default on your student loans, and one of the consequences of doing so.
What is to not pay your loans back for over a year (or a long time) and that they could ask for the entirety of the loan immediately, garnish your wages, etc?
These are the 4 factors of production, and an explanation of them using the final product of a home.
What are land/natural resources (wood, plot of land), labor (the people building the home), capital (nails, hammers), and entrepreneurship (the people selling the house, construction co, etc)?
This is an acceptable explanation as to how the income tax brackets work in the United States.
What is something Mr. Neese will approve?
What is Yoshi?