IDC Flashcards
1
Q
open-market operations
A
methods by which the Open Market Committee of the Federal Reserve System buys and sells government securities and other investment instruments to help finance government operations and to reduce or increase the total amount of money circulating in the economy
2
Q
contracting power
A
the power of government to set conditions on companies seeking to sell goods or services to government agencies
3
Q
Tax expenditures
A
Government subsidies provided to employers and employees through tax deductions for amounts spent on health insurance and other benefits
