Name page
Managing the
Economy Bookwork – pages 566-570 period
Read pages 566-570
in your textbook and answer the questions below.
1. What
are the four main spending items in the federal budget?
2. What
is fiscal policy?
3. What
is monetary policy?
4. Under
the category of Fiscal Policy, what are two things the government can do to
stimulate the economy?
5. What
is the gross national product?
6. What
is the Federal Reserve System?
7. How
many Federal Reserve Districts are there in the
8. What
is the Board of Governors? How are they
and the chairperson selected?
9. After
being appointed, what is the relationship between the Board of Governors and
the President?
10. What
are the two major responsibilities in forming monetary policy?
11. What
is the discount rate?
12. What
is the reserve requirement?
13. What
are open-market operations?
14. What
are the methods the federal government can use to stimulate a slow
economy?
Fiscal Policy (two things):
a.
b.
Monetary
Policy (three things):
c.
d.
e.