5 terms

Buisness Cycle and Globalization

Monetary policy
policy that involves changing the rate of growth of the money supply in circulation in order to affect the cost and availability of credit
Fiscal Policy
a government policy for dealing with the budget (especially with taxation and borrowing)
Savings Bond
issued by the federal government as a way of borrowing money; purchased by individuals at half of face value and then increase in value every six months until they reach full face value
a government tax on imports or exports
Federal Reserve
controls America's money supply, by controlling the interest rates of banks, also america's central bank