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Fiscal Policy Monetary Policy
Economic Performance
Bill of RightsEconomic Indicators
-Name the term describing how the government taxes
and spends its revenue?
Row 1---100 Question
-fiscal policy
Row 1---100 Answer
-What should be the effect on the economy if the
government increases its spending?
Row 1---200 Question
-economy increases
Row 1---200 Answer
-What effect on the economy occurs if the government
decreases taxes?
Row 1---300 Question
-economy increases
Row 1---300 Answer
-Keynesian economics states that governments should _____________ spending
during a recession.
Row 1---400 Question
-increase
Row 1---400 Answer
-What term is used to describe gov’t effort to
increase the economy with tax decreases?
Row 1---500 Question
-supply side economics / trickle down economics
Row 1---500 Answer
-What part of the government is responsible for controlling the money
supply?
Row 2---100 Question
-Federal Reserve
Row 2---100 Answer
-Name this method of regulating the money
supply--allowing less money to be created within the
economy---usually through higher interest rates?
Row 2---200 Question
-tight money policy
Row 2---200 Answer
Row 2---300 Question
-Name this method of regulating the money supply--allowing more
money to be created within the economy—usually
through lower interest rates?
-loose / easy money policy
Row 2---300 Answer
Row 2---400 Question
--This is the idea of the government regulating the
amount of money in circulation?
-monetary policy
Row 2---400 Answer
-The government also controls the money supply
by buying or selling these to consumers?
Row 2---500 Question
-Savings Bonds
Row 2---500 Answer
-This is a term for the cyclical ups and downs of
the economy?
Row 3---100 Question
-business cycle
Row 3---100 Answer
-This is the phase where the economy is growing?
Row 3---200 Question
-expansion
Row 3---200 Answer
-This is the phase where the economy has reached its
highest point?
Row 3---300 Question
-peak
Row 3---300 Answer
-This is the phase where the economy is beginning to
decrease?
Row 3---400 Question
-contraction
Row 3---400 Answer
-This is the phase where the economy has reached its
lowest point?
Row 3---500 Question
-trough
Row 3---500 Answer
-This is the term for an economy that has been in a low point for an extended
period of time?
Row 4---100 Question
-recession / depression
Row 4---100 Answer
-This is a measure of how well a person lives?
Row 4---200 Question
-Standard of Living
Row 4---200 Answer
-What is the value of all the goods and services produced
in the nation each year?
Row 4---300 Question
-GDP
Row 4---300 Answer
-Term for the general rise in the value of goods and
services—rise in inflation caused value of money to
decrease?
Row 4---400 Question
-Inflation
Row 4---400 Answer
-This is a survey of many goods and services that are
compared to the same goods and services over time to measure the increase or
decrease in prices?
Row 4---500 Question
-Consumer Price Index
Row 4---500 Answer
-List all five parts of the 1st Amendment?
Row 5---100 Question
-speech, press, religion, assembly,
petition
Row 5---100 Answer
-What right does the 2nd protect?
Row 5---200 Question
-bear arms
Row 5---200 Answer
-The 5th describes this power of the government to take land from citizens when needed for public benefit as
long as the citizen is compensated.
Row 5---300 Question
-eminent domain
Row 5---300 Answer
-The 5th details this type of jury that determines
whether there is enough evidence in a case to
formally charge (indict) someone with the crime.
Row 5---400 Question
-grand jury
Row 5---400 Answer
-Who does the 10th Amendment give all remaining power?
Row 5---500 Question
-states or the people
Row 5---500 Answer