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Fiscal Policy Monetary Policy

Economic Performance

Bill of RightsEconomic Indicators

-Name the term describing how the government taxes

and spends its revenue?

Row 1---100 Question

-fiscal policy

Row 1---100 Answer

-What should be the effect on the economy if the

government increases its spending?

Row 1---200 Question

-economy increases

Row 1---200 Answer

-What effect on the economy occurs if the government

decreases taxes?

Row 1---300 Question

-economy increases

Row 1---300 Answer

-Keynesian economics states that governments should _____________ spending

during a recession.

Row 1---400 Question

-increase

Row 1---400 Answer

-What term is used to describe gov’t effort to

increase the economy with tax decreases?

Row 1---500 Question

-supply side economics / trickle down economics

Row 1---500 Answer

-What part of the government is responsible for controlling the money

supply?

Row 2---100 Question

-Federal Reserve

Row 2---100 Answer

-Name this method of regulating the money

supply--allowing less money to be created within the

economy---usually through higher interest rates?

Row 2---200 Question

-tight money policy

Row 2---200 Answer

Row 2---300 Question

-Name this method of regulating the money supply--allowing more

money to be created within the economy—usually

through lower interest rates?

-loose / easy money policy

Row 2---300 Answer

Row 2---400 Question

--This is the idea of the government regulating the

amount of money in circulation?

-monetary policy

Row 2---400 Answer

-The government also controls the money supply

by buying or selling these to consumers?

Row 2---500 Question

-Savings Bonds

Row 2---500 Answer

-This is a term for the cyclical ups and downs of

the economy?

Row 3---100 Question

-business cycle

Row 3---100 Answer

-This is the phase where the economy is growing?

Row 3---200 Question

-expansion

Row 3---200 Answer

-This is the phase where the economy has reached its

highest point?

Row 3---300 Question

-peak

Row 3---300 Answer

-This is the phase where the economy is beginning to

decrease?

Row 3---400 Question

-contraction

Row 3---400 Answer

-This is the phase where the economy has reached its

lowest point?

Row 3---500 Question

-trough

Row 3---500 Answer

-This is the term for an economy that has been in a low point for an extended

period of time?

Row 4---100 Question

-recession / depression

Row 4---100 Answer

-This is a measure of how well a person lives?

Row 4---200 Question

-Standard of Living

Row 4---200 Answer

-What is the value of all the goods and services produced

in the nation each year?

Row 4---300 Question

-GDP

Row 4---300 Answer

-Term for the general rise in the value of goods and

services—rise in inflation caused value of money to

decrease?

Row 4---400 Question

-Inflation

Row 4---400 Answer

-This is a survey of many goods and services that are

compared to the same goods and services over time to measure the increase or

decrease in prices?

Row 4---500 Question

-Consumer Price Index

Row 4---500 Answer

-List all five parts of the 1st Amendment?

Row 5---100 Question

-speech, press, religion, assembly,

petition

Row 5---100 Answer

-What right does the 2nd protect?

Row 5---200 Question

-bear arms

Row 5---200 Answer

-The 5th describes this power of the government to take land from citizens when needed for public benefit as

long as the citizen is compensated.

Row 5---300 Question

-eminent domain

Row 5---300 Answer

-The 5th details this type of jury that determines

whether there is enough evidence in a case to

formally charge (indict) someone with the crime.

Row 5---400 Question

-grand jury

Row 5---400 Answer

-Who does the 10th Amendment give all remaining power?

Row 5---500 Question

-states or the people

Row 5---500 Answer