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Federal Reserve Economic Systems Economic Terms Trade $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 A Mix $100 $200 $300 $400 $500
Economic Systems Federal Reserve Economic Terms Trade $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 A Mix $100 $200 $300 $400 $500
Economic Systems $100$100 A system where the government answers the economic questions of what to produce, how much to produce and for whom to produce.
Economic Systems $100-Answer$100-Answer What is a command economy?
Economic Systems $200$200 Buyers and sellers answer the economic questions of what to produce, how much to produce and for whom to produce.
Economic Systems $200-Answer$200-Answer What is a market economy?
Economic Systems $300$300 Economic decisions are based on the way things were done in the past.
Economic Systems $300 Answer$300 Answer What is a traditional economy?
Economic Systems $400$400 An economic system that has elements of a command, traditional and market economy.
Economic Systems $400-Answer$400-Answer What is a market economy?
Economic Systems $500$500 This term describes the economy of the United States.
Economic Systems $500-Answer$500-Answer What is a mixed economy?
Federal Reserve $100 Agency responsible for monetary policy.
Federal Reserve $100-Answer What is the Federal Reserve?
Federal Reserve$200200 The actions taken by the Federal Reserve to control the amount of money and credit in the economy.
Federal Reserve $200-Answer$200-Answer What is monetary policy?
Federal Reserve $300$300 The interest rate the Federal Reserve charges other banks for overnight loans.
Federal Reserve $300-Answer$300-Answer What is the discount rate?
Federal Reserve $400$400 A method the Federal Reserve uses to control inflation.
Federal Reserve $400-Answer$400-Answer What is reduce the money supply?
Federal Reserve $500$500 Three tools of the Federal Reserve’s monetary policy.
Federal Reserve $500-Answer$500-Answer What are (discount) interest rates, reserve requirements and open market operations (buying and selling securities or bonds)?
Economic Terms $100$100 The total dollar value of all goods and services produced in a country.
Economic Terms $100-Answer$100-Answer What is the Gross Domestic Product?
Economic Terms $200$200 Change in the value of money resulting in higher prices.
Economic Terms $200-Answer$200-Answer What is inflation?
Economic Terms $300$300 Giving up the next best thing when an economic decision is made.
Economic Decision 300-Answer300-Answer What is an opportunity cost?
Economic Terms $400$400 A measure of the overall price level in the economy.
Economic Terms -Answer-Answer What is the Consumer Price Index?
Economic Terms $500$500 A slowdown in economic activity for at least 6 months.
Economic Terms- $500 Answer- $500 Answer What is a recession?
Trade $100$100 A tax or duty on imports.
Trade $100-Answer$100-Answer What is a tariff?
Trade $200$200 To engage in the exchange, purchase or sale of resources, goods or services.
Trade $200-Answer$200-Answer What is trade?
Trade $300$300 This treaty promoted increased trade between Canada, Mexico and the United States.
Trade $300-Answer$300-Answer What is the North American Free Trade Agreement (NAFTA)?
Trade $400$400 Refusing to trade with another country as a foreign policy tool.
Trade $400-Answer$400-Answer What is an economic sanction?
Trade $500$500 This federal regulatory agency promotes fair business practices and helps protect consumers.
Trade $500-Answer$500-Answer What is the Federal Trade Commission?
A Mix $100$100 Fiscal policy is determined by these branches of government.
A Mix $100-Answer$100-Answer What are the legislative and executive branches?
A Mix $200$200 Tools of fiscal policy.
A Mix $200-Answer$200-Answer What is increasing or decreasing taxes and tariffs and/or government spending.
A Mix $300$300 The absence of inflation or deflation.
A Mix $300-Answer $300-Answer What is price stability?
A Mix $400$400 Economic goals of the United States monetary and fiscal policy.
A Mix $400-Answer$400-Answer What is economic growth, full employment and price stability?
A Mix $500 $500 The international organization of 184 countries designed to promote monetary cooperation and exchange stability.
A Mix $500-Answer$500-Answer What is the International Monetary Fund?
Three Basic Questions What to produce (includes how much)
AP Economics Dictionary
Fiscal and Monetary Policies The Government’s Role In the Economy.
MONETARY POLICY Actions the Federal Reserve takes to influence the level of GDP and the rate of inflation in the economy.
Macroeconomics that part of economic theory dealing with the economy as a whole and decision making by large units such as governments and unions Click.
The Federal Reserve & Monetary Policy
Know that Name Factors of What??? MY EconoMY Inflation or Bust.
Federal Reserve Economics 71a Spring 2007 Mayo, Chapter 5 (skim) Lecture notes 2.5.
The study of the economics of countries. The big picture.
Government Policy and the Market Review Flash Cards Use your left or right arrows to advance forward or backwards.
Chapter 15: Monetary Policy Federal Reserve Board Chairperson Federal Reserve Board (7) Federal Open Market Committee (12) Deliberate changes in money.
The Role of Government in the United States Economy How does the United States government promote and regulate competition?
FISCAL AND MONETARY POLICY. ECONOMIC GOALS Full Employment Enough jobs to employ all able and willing to work Unemployment/Employment Data Bureau of Labor.
Today’s Warm Up Based on the functions of the Fed you studied yesterday, which do you think is most important and why?
Monetary Policy Review
Economics Ch. 8. Economics – The study of how people make, exchange and use goods and services most people have limited resources to meet their unlimited.
SS6E1 The student will analyze different economic systems. SS6E2The student will give examples of how voluntary trade benefits buyers and sellers in Latin.
Thoughts and Organizations Economic Policymaking.
Using Policy to Affect the Economy. Fiscal Policy Government efforts to promote full employment and maintain prices by changing government spending.
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