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11 Cards in this Set
- Front
- Back
contractionary Fiscal Policy EX.=
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Raise Taxes Cut government spending
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Expansionary Fiscal Policy EX=
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Cut taxes, raise government spendings
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for the FED to fight inflation they could:
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Raise Required Reserves, Discount Rate, sell securities (^interest rates)
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for the FED to STIMULATE economy the could:
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Buy securities, lower R.R. and Discount rate
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FOMC
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Fereal Open market committee
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board of governors, how many, terms, how apptd?
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top of FOMC pyramid, 7 of them, 14 yr terms, appt by prez and senate
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12 districts
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middle of pyramid, each has its own FED RES. Bank e/district bank has A prez
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Unemployment kinds (3)
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Frictional-voluntarily b/w jobs
Cycllical- economy is doing poorly structural-skills are obsolete |
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calculate unemployment rate=
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#unemployed
---------------- (*100) #in labor force |
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yield on the security(i)=
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Annual interest pymt
---------------------- (*100) bond price |
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GDP
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C+S+G+(X-IM)
interest is included |