200

Monetary Policy Economic Performance Economic Indicators Fiscal Policy Bill of Rights 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 500

Row 1---100 Question -Name the term describing how the government taxes and spends its revenue?

Row 1---100 Answer -fiscal policy

Row 1---200 Question -What should be the effect on the economy if the government increases its spending?

Row 1---200 Answer -economy increases

Row 1---300 Question -What effect on the economy occurs if the government decreases taxes?

Row 1---300 Answer -economy increases

Row 1---400 Question -Keynesian economics states that governments should _____________ spending during a recession.

Row 1---400 Answer -increase

Row 1---500 Question -What term is used to describe gov’t effort to increase the economy with tax decreases?

Row 1---500 Answer -supply side economics / trickle down economics

Row 2---100 Question -What part of the government is responsible for controlling the money supply?

Row 2---100 Answer -Federal Reserve

Row 2---200 Question -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 Answer -tight money policy

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?

Row 2---300 Answer -loose / easy money policy

Row 2---400 Question --This is the idea of the government regulating the amount of money in circulation?

Row 2---400 Answer -monetary policy

Row 2---500 Question -The government also controls the money supply by buying or selling these to consumers?

Row 2---500 Answer -Savings Bonds

Row 3---100 Question -This is a term for the cyclical ups and downs of the economy?

Row 3---100 Answer -business cycle

Row 3---200 Question -This is the phase where the economy is growing?

Row 3---200 Answer -expansion

Row 3---300 Question -This is the phase where the economy has reached its highest point?

Row 3---300 Answer -peak

Row 3---400 Question -This is the phase where the economy is beginning to decrease?

Row 3---400 Answer -contraction

Row 3---500 Question -This is the phase where the economy has reached its lowest point?

Row 3---500 Answer -trough

Row 4---100 Question -This is the term for an economy that has been in a low point for an extended period of time?

Row 4---100 Answer -recession / depression

Row 4---200 Question -This is a measure of how well a person lives?

Row 4---200 Answer -Standard of Living

Row 4---300 Question -What is the value of all the goods and services produced in the nation each year?

Row 4---300 Answer -GDP

Row 4---400 Question -Term for the general rise in the value of goods and services—rise in inflation caused value of money to decrease?

Row 4---400 Answer -Inflation

Row 4---500 Question -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 Answer -Consumer Price Index

Row 5---100 Question -List all five parts of the 1st Amendment?

Row 5---100 Answer -speech, press, religion, assembly, petition

Row 5---200 Question -What right does the 2nd protect?

Row 5---200 Answer -bear arms

Row 5---300 Question -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 Answer -eminent domain

Row 5---400 Question -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 Answer -grand jury

Row 5---500 Question -Who does the 10th Amendment give all remaining power?

200

200

Presentation Transcript

200

$200

200

200

200

200

200

200

200

$200

200

200

200

200

200

200