18 Economic Policy

Question 1

Monetary policy

Answer 1

Economic policy in which government regulates the economy by manipulating interest rates to control the money supply, policies designed to manipulate the supply of money and access to credit

Question 2

Measures of economic performance

Answer 2

Consumer price index (CPI)

Income inequality

gross domestic policy (GDP)

Question 3

More or less how much consumers are paying for goods overtime.

Answer 3

CPI

Consumer price index

Question 4

Gap b/t most after tax amount of money to spend in those with the least.

Answer 4

Income inequality

Question 5

The value of all goods and services produced by an economy in a specific time.

Answer 5

GDP

Gross domestic policy

Question 6

Fiscal policy

Answer 6

Economic policy in which government regulates the economy through its powers to tax and spend

Question 7

Fiscal policy

Answer 7

Economic policy in which government regulates the economy through its powers to tax and spend

Question 8

Monetary policy

Answer 8

economic policy in which government regulates the economy by manipulating interest rates to control the money supply

Question 9

Measures of economic performance

Answer 9

1. Consumer Price Index, shows how much more or less consumers are paying for goods over time
2. Income inequality, measures the gap between those with the most after tax amount of money to spend and those with the least
3. Gross domestic product, the value of all goods and services produced by an economy in a specific period of time