12-4 Flashcards
1
Q
Policy that someone must choose to implement. Requires action by Congress, president, or an agency of government to take effect
A
Discretionary
2
Q
Does not require new or special action to go into effect. React automatically when the economy changes
A
Passive
3
Q
Polices designed to strengthen the economy over a longer period of time
A
Structural
4
Q
Changing the amount and availability of credit in order to influence interest rates
A
Monetary policy
5
Q
People born in the US during the historically high birthrate years from 1946-1964
A
Baby boomers
6
Q
Council of Economic Advisers
A
Three member group that reports on economic developments and proposes strategies
