52

Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Embed Size (px)

Citation preview

Page 1: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50
Page 2: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Taxes & Gov’t Spending Fiscal Policy

Monetary Policy Potpourri

Federal Reserve & More

Monetary Policy

10 10 10 10 10

20 20 20 20 20

30 30 30 30 30

40 40 40 40 40

50 50 50 50 50

Page 3: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 1 - 10

• This type of tax system is used in the U.S. for personal income taxes. It is a tax for which the percentage of income paid in taxes increases as income increases.

Page 4: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 1 – 10

• What is a progressive tax?

Page 5: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 1 - 20

• This budget issue occurs when tax revenues are less than government spending.

Page 6: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 1 – 20

• What is a budget deficit?

Page 7: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 1 - 30

• This budget issue occurs when tax revenues are more than government spending.

Page 8: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 1 – 30

• What is a budget surplus?

• Bonus 10: What do we call it when tax revenues equal government spending?

Page 9: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 1 - 40

• This is a tax system for which the percentage of income paid in taxes remains the same for all income levels.

Page 10: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 1 – 40

• What is a proportional tax?

Page 11: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 1 - 50

• This tax system is a tax for which the percentage of income paid in taxes decreases as income increases.

Page 12: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 1 – 50

• What is a regressive tax?

Page 13: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 2 - 10

• Cutting taxes is an example of expansionary fiscal policy, true or false.

Page 14: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 2 – 10

• What is true?

Page 15: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 2 - 20

• If the federal government were to cut taxes, this would be an example of _____ fiscal policy.

Page 16: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 2 – 20

• What is contractionary fiscal policy?

Page 17: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 2 - 30

• For expansionary fiscal policy, the federal government would decrease spending, true or false.

Page 18: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 2 – 30

• What is false?

Page 19: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 2 - 40

• In contractionary fiscal policy, government would decrease spending, true or false.

Page 20: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 2 – 40

• What is false?

Page 21: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 2 - 50

• Name the two tools of fiscal policy.

Page 22: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 2 – 50

• What are taxes and government spending?

Page 23: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 3 - 10

• The actions the Federal Reserve takes to influence the level of real GDP and the rate of inflation in the economy.

Page 24: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 3 – 10

• What is monetary policy?

Page 25: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 3 - 20

• The Federal Reserve does _____ _____ so that banks can cash checks to one another.

Page 26: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 3 – 20

• What is check clearing?

Page 27: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 3 - 30

• This rate is the interest rate banks charge each other for loans.

Page 28: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 3 – 30

• What is the federal funds rate?

Page 29: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 3 - 40

• The Federal Reserve regulates the money supply, true or false.

Page 30: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 3 – 40

• What is true?

Page 31: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 3 - 50

• This 10% of all assets is the amount required by banks of the the Federal Reserve.

Page 32: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 3 – 50

• What is the required reserve?

Page 33: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 4 - 10

• This is the price paid for the use of borrowed money.

Page 34: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 4 – 10

• What is simple interest?

Page 35: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 4 - 20

• This is the term used for a stock market that is doing poorly.

Page 36: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 4 – 20

• What is a bear market?

• Bonus 10: What if the market is doing well?

Page 37: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 4 - 30

• One of the advantages of corporations, LLCs and LLPs is this.

Page 38: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 4 – 30

• What is limited liability?

Page 39: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 4 - 40

• This is something that is paid for by someone other than the producer.

Page 40: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 4 – 40

• What is an externality?

Page 41: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 4 - 50

• This index is used to calculate inflation.

Page 42: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 4 – 50

• What is the Consumer Price Index?

Page 43: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 5 - 10

• The Board of Governors of the Federal Reserve is made up of the 12 Federal Reserve Bank presidents and the Chairman of the Federal Reserve, true or false.

Page 44: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 5 – 10

• What is true?

Page 45: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 5 - 20

• The number of districts in the Federal Reserve System.

Page 46: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 5 – 20

• What is 12?

Page 47: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 5 - 30

• The Federal Reserve serves the government by selling securities, acting as the bank for the government and issuing currency, true or false.

Page 48: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 5 – 30

• What is true?

Page 49: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 5 - 40

• This rate is the rate the Federal Reserve charges for loans to commercial banks.

Page 50: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 5 – 40

• What is the discount rate?

Page 51: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Question 5 - 50

• The buying and selling of government securities to alter the money supply.

Page 52: Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy 10 20 30 40 50

Answer 5 – 50

• What are open market operations?