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Fiscal Policy Monetary Policy Economic Performance Economic Indicators Bill of Rights 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 500 -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 -Name this method of regulating the money supply-allowing more money to be created within the economy— usually through lower interest rates? Row 2---300 Question -loose / easy money policy Row 2---300 Answer --This is the idea of the government regulating the amount of money in circulation? Row 2---400 Question -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