Unit 7 & 8

Question 1

What is Monetary Policy

Answer 1

Government actions to control economic activity

Question 2

What is the Federal bank?

Answer 2

Nation central bank that manages tools of monetary policy

Question 3

Federal reserve

Answer 3

National systems of banks that influence and control the economy and the money supply.

Question 4

How does Monetary Policy work?

Answer 4

Adjust the supply of money in the nation, The federal reserve can speed up the economy or slow it down..

Question 5

What do the Fed do to stop inflation?

Answer 5

The fed discourages people from spending money by decreasing money supply

Question 6

What is the discount rate?

Answer 6

The discount rate is the interest rate at which the Fed lends money to banks, and it can be either lowered or raised to influence interest rates in the economy.

Question 7

Reserve requirement

Answer 7

All deposits that a bank must keep in their vault.

Higher reserves = less money the bank can lend out
“Keep this amount save don’t lend it much”
—-
Lower Reserve = More money the bank can lend out
“Do what you want with this money”

Question 8

Open Market

Answer 8

Buying or selling gov securities from banks
Buying or selling bonds

Buying - puts more money into banks meaning they have more to lend out

Selling - Takes money out meaning they have less to lend out

Question 9

What can the Fed do?

Answer 9

• Controls how much money is printed
• Supervises lending practices
  Monitors bank reserves throughout the country

Lend money to banks.

Question 10

How to Get out of a recession

Answer 10

-Decrease reserve requirement.

-Decrease discount
rate/intrest rate

-Buy bonds

Question 11

How to get out an Inflation

Answer 11

• Increase Reserve requirement
• Increase discount rates
  Sell Bonds

Question 12

Fiscal Policy def

Answer 12

Government decisions on spending and taxation that are intended to improve or maintain the economy.

Question 13

Who make’s Fiscal Policy

Answer 13

Congress and the President makes it through federal budgeting.

Question 14

Fiscal policy & the economy

Answer 14

Total level of government spending can be changed to help increase or decrease the output of the economy.

Question 15

Expansionary policy

Answer 15

Policies that try to increase the output of the economy.
Used during a contraction or recession

Question 16

Contractionary Policy

Answer 16

Policies that try to decrease the output of the economy.
Inflation

Question 17

What is ideology??

Answer 17

Ideas and beliefs about how government and society should organize and how to organize it

Question 18

Far Left

Answer 18

Far left- Socialism & Communism

left - Liberalism..

Question 19

Far Right

Answer 19

Fascism

Just on the Right - Conservatism

Question 20

What is Socialism

Answer 20

Promote social and economic equality by distributing resources surroundings to need.

Social welfare programs,
distributing wealth equally

Question 21

Progressive tax

Answer 21

higher incomes pay a higher percentage of their income in taxes.

Question 22

Flat Tax

Answer 22

System where the same percentage of tax is applied to everyone

Question 23

Conservatism

Answer 23

Limited government involvement , Lower taxes,
More traditional beliefs

Question 24

Communism

Answer 24

everyone shares everything. In a true communist system, there is no private property, and everyone works together for the common good.

Question 25

Liberalism

Answer 25

Liberalism emphasizes individual freedoms, personal rights, and a government role in safeguarding these rights.

Question 26

Plurlarity vote

Answer 26

candidate or option with the most votes wins, even if it doesn’t if they did not garner an majority (more than half) of the total votes.

Question 27

Primary

Answer 27

Political parties use primary elections to choose their candidate who will represent the party in the general election.

Question 28

General

Answer 28

The general election is the main event where voters choose among the candidates from different parties to fill public offices.

Question 29

Caucus

Question 30

Special election

Answer 30

A special election is an unscheduled election held at a time other than the regular election date. It may be called to fill a vacant office or address a specific issue.

Question 31

Recall

Answer 31

Held to remove a political office. official from the office

Question 32

Referendum

Answer 32

direct vote by the public on a specific policy or law. It allows citizens to express their opinion on an issue.

Question 33

cross over voting

Answer 33

when voters from one political party participate in the primary election of another party.

Question 34

Rading

Answer 34

Voting for the candidate you think is less electable.

Question 35

Blanket primary

Answer 35

Voters can choose may vote for candidates of either party the two Canidates with the most votes advance in to the general election

Question 36

Runoff Primary

Answer 36

second election held between the top candidates from the initial primary when no candidate receives a required majority of votes.