Monetary and Fiscal Policy

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Across
  1. 2. One economic goal of our federal government is to reach economic _________, measured by the real GDP.
  2. 5. when government spending is less than government income it creates a budget ___________.
  3. 7. Money that lasts over time is more functional that money that deteriorates
  4. 8. The Fed is responsible for _________ and regulating financial institutions.
  5. 10. The interest rate that banks charge their best, most credit-worthy customers.
  6. 13. Money must be acceptable as payment in exchange for goods and services
  7. 16. There are this many regional federal reserve banks.
  8. 18. Policy changes enacted by the federal reserve system (the Fed)are called _______________ policy changes.
  9. 19. The total amount owed by the national government on debts.
  10. 23. Whatever is used as money needs to be scarce enough to be valued by buyers and sellers.
  11. 26. One of the three tools of the central bank is the _________ requirement, which is the fraction of banks deposits that they are required to keep on hand.
  12. 27. Money is more useful if it can easily be transported over distances
Down
  1. 1. As a measure of value, it is used to _________ the market value of different goods and services
  2. 3. When inflation is high, the government may choose this type of fiscal policy.
  3. 4. The Fed influences the the federal funds rate, which causes banks to lower or raise the _________ rate they charge for loans.
  4. 6. Each unit of money must be the same as the next unit
  5. 9. Tools that the federal government has to help reach economic goals.
  6. 11. The total amount of money in circulation or existence in a country.
  7. 12. Reducing _________ encourages businesses to expand and hire more workers.
  8. 14. The federal reserve system is a ________________ central bank whose purpose is to provide the nation with a stable monetary system.
  9. 15. Money is more useful if it can easily be divided into smaller units
  10. 17. Credit cards represent _______ so they are not considered money.
  11. 20. As a store of value, money makes it easier to save and __________.
  12. 21. Occurs when government spending is greater than government income for a given year.
  13. 22. One of the three tools of the central bank is to raise this, which signals to banks to tighten credit.
  14. 24. The Fed conducts monetary policy that affects the flow of money and _________ in the economy.
  15. 25. As a medium of exchange, money makes it easier for us to _______ for the goods and services we want.