Reading 19 LOS's Flashcards
LOS 19a: Compare monetary and fiscal policy
LOS 19b: Describe functions and definitions of money
LOS19c: Explain the money creation process
LOS 19d: Describe theories of the deman for and supply of money
LOS 19e: Describe the Fischer effect
LOS 19f: Describe roles and objectives of central banks
LOS 19g: Contrast the costs of expected and unexpected inflation
LOS 19h: Describe tools used to implement monetary policy
LOS 19i: Describe the monetary transmission mechanism
LOS 19k: Explain the relationships between monetary policy and economic growth, inflation, interest, and exchange rates
LOS 19l: Contrast the use of inflation, interest rate, and exchange rate targeting by central banks
LOS 19j: Describe the qualities of effective central banks
LOS 19m: Determine whether a monetary policy is expansionary or contractionary
LOS 19n: Describe limitations of monetary policy
LOS 19o: Describe roles and objectives of fiscal policy
LOS 19q: Describe the arguments about whether the size of a national debt relative to GDP matters
LOS 19p: Describe tools of fiscal policy including their advantages and disadvantages
LOS 19r: Explain the implementation of fiscal policy and difficulties of implementation
LOS 19t: Explain the interaction of monetary and fiscal policy
