Cards in this guide (24)
To use direct tax in a sentence
An income tax is an example of direct tax.
How do banks earn a profit from lending money to their customers
by charging interest rate
When does the government assume an expansionary fiscal policy position
Which of these describes what maturity means with regard to securities
the set date upon which the treasury agrees it will pay back the
loan plus the interest amount A+
Which of these government securities cannot be publicly traded
When do Treasury bills mature
What did two parties compete for political influence from the 1790s until the presidential election of 1816
Which of these federal institutions carries the responsibility of managing the process of borrowing money by issuing bonds and notes
Department of the Treasury
Which type of tax is imposed on those who inherit assets from a deceased person
Which of these is not a shared goal of both fiscal and monetary policy
lowering intrest rates (A+(
Which of these would not be a possible result of low interest rates
people may be reluctant to borrow
Which statement describes an expansion
People and businesses consume more products and services.
Which economic trend might happen as a result of abnormal weather such as drought or flooding
It can lead to negative effects on the economic activity and can
even cause a recession.
Which of these terms refers to the amount of money loaned to consumers and businesses
Which of these describes the economic recovery period in the business cycle
Economic activity is rising above the point of the previous
peak.
What terms refers to the adjustment of an economy's money supply by a central bank in order to maintain price stability lower unemployment and ensure economic growth
What defines aggregate demand
the total demand for final goods and services in the economy
What powers are often controversial because they are based on interpretation
What institution is responsible for conducting monetary policy
The response of businesses and individuals to fiscal policy changes is related to which of these
the amount of funds government is spending
Which point in the business cycle has the greatest economic activity
A shortage of a natural resource can lead to which phase in the business cycle
Which one of these does not describe a strong economy
The government will assume an expansionary fiscal policy position.
Which of these does not describe a weak economy
The government will assume a contractionary fiscal policy position.
