Government and the Economy

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Across
  1. 2. The belief that the federal government should not have a say in the economy
  2. 4. Committee Oversees the buying and selling of government securities by the Federal Reserve System.
  3. 5. A sum paid or charged for the use of money or for borrowing money
  4. 7. a fiscal policy used to reduce economic growth, often through decreased government spending or higher taxes
  5. 10. Federal spending required by law that continues without the need for annual approvals by Congress. (Social Security and Medicare)
  6. 13. Total demand
  7. 16. A continuous rise in the price of goods and services
  8. 20. A slowdown in a nation's economy
  9. 23. Economic system in which individuals decide for themselves what to produce and sell
  10. 24. Government issued loan that has a fixed interest rate
  11. 25. Government provided goods and services
  12. 26. requirement This is the percentage of their deposits that member banks must keep available in a Federal Reserve Bank.
Down
  1. 1. Government adjusts its spending levels and tax rates to monitor and influence a nation's economy
  2. 3. Money people pay to the government
  3. 6. a fiscal policy used to encourage economic growth, often through increased government spending or tax cuts
  4. 8. Has three important tools by which it regulates the supply of money and credit in the economy and they are Adjusting the reserve requirement, Adjusting the discount rate, and The use of the open market committee.
  5. 9. Wealthy people pay more taxes the poor people
  6. 11. The interest rate on the loans that the Fed makes to banks
  7. 12. The country's central banking system, which is responsible for the nation's monetary policy by regulating the supply of money and interest rates
  8. 14. The quantity of money available in the economy
  9. 15. A long-term economic state characterized by unemployment and low prices and low levels of trade and investment
  10. 17. The act established 12 regional Federal Reserve Banks to serve as the "bankers bank" and allowed the Federal Reserve Bank to regulate the money supply in circulation by controlling the amount of money that banks could lend.
  11. 18. Government policy that attempts to manage the economy by controlling the money supply and thus interest rates.
  12. 19. Spending category about which government planners can make choices
  13. 21. Household spending on goods and services
  14. 22. Rules governing the operation of all government programs that have the force of law