Show:
Economic Indicators
Taxes
Fiscal Policy
Monetary Policy
Misc
100
The CPI is used to measure this indicator
What is inflation
100
What form tells a worker how much they paid in taxes for the year?
What is the W2
100
When government spends more than it takes in in revenue, what occurs
What is a deficit
100
This is the Fed's largest customer
What is the federal government
100
When interest rates are high, what happens to demand for loans?
What is decrease
200
What is the GDP measurement that takes population into consideration
What is GDP per capita
200
A tax paid on money received when someone dies is called the
What is the estate tax
200
Education spending is this type of spending
What is discretionary spending
200
The Fed controls the money supply to prevent this problem
What is inflation
200
Cutting taxes and providing incentives to business are important in what theory of economics
What is supply side economics
300
Economic indicators are used to predict
What are business cycles
300
This is a tax that increases when income increases.
What is a progressive tax
300
Social Security and entitlement programs make up this type of spending
What is mandatory spending
300
In recessions, which type of money policy is the Fed likely to implement?
What is easy money
300
Who creates the federal budget
What is Congress
400
What does the I stand for in the GDP equation?
What is investment
400
This is a main source of tax revenue for local governments
What are property taxes
400
The government uses this type of fiscal policy to encourage growth and create jobs
What is expansionary fiscal policy
400
This is the rate at which the Fed loans money to banks
What is the discount rate
400
Theory of economics associated with Keynes and increased government spending
What is demand-side economics
500
Someone who is unemployed because they do not have the skills needed for a job
What is structural unemployment
500
What is a major tax/revenue source for state governments
What is the sales tax
500
Decreasing government spending is an example of this type of fiscal policy
What is contractionary fiscal policy
500
This group within the Fed meets regularly to make key economic policy decisions
What is FOMC
500
What can the Fed do to prevent inflation?
What is raise fed funds/interest rates