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Taxes and spending are two examples of the government using:
a surplus
there is less taxation and/or more spending by the government
fiscal policy tools
Congress
12
contraction
expansion
the GDP increases, the unemployment rate decreases, and there is some inflation
What occurs when there is more money in the supply and interest rates fall?
a surplus
there is less taxation and/or more spending by the government
fiscal policy tools
Congress
12
contraction
expansion
the GDP increases, the unemployment rate decreases, and there is some inflation
When the government spends less money than it collects in revenue, it is called:
a surplus
there is less taxation and/or more spending by the government
fiscal policy tools
Congress
12
contraction
expansion
the GDP increases, the unemployment rate decreases, and there is some inflation
The FED is overseen by:
a surplus
there is less taxation and/or more spending by the government
fiscal policy tools
Congress
12
contraction
expansion
the GDP increases, the unemployment rate decreases, and there is some inflation
How many district banks are associated with the FED?
a surplus
there is less taxation and/or more spending by the government
fiscal policy tools
Congress
12
contraction
expansion
the GDP increases, the unemployment rate decreases, and there is some inflation
Expansion occurs when:
a surplus
there is less taxation and/or more spending by the government
fiscal policy tools
Congress
12
contraction
expansion
the GDP increases, the unemployment rate decreases, and there is some inflation
What occurs when there is less money in the supply and interest rates increase?
a surplus
there is less taxation and/or more spending by the government
fiscal policy tools
Congress
12
contraction
expansion
the GDP increases, the unemployment rate decreases, and there is some inflation
During a period of expansion:
a surplus
there is less taxation and/or more spending by the government
fiscal policy tools
Congress
12
contraction
expansion
the GDP increases, the unemployment rate decreases, and there is some inflation
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