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Terms in this set (12)
Why would the Fed increase the money supply, causing interest rates to decline?
Stimulate the economy
The government promotes and regulates______
____government spending can reduce demand, which may result in a ______ of the economy
What can the Fed do to slow the economy?
Restrict the money supply, thus raising interest rates
Government____ reduce the funds available for private and business spending
Where does congress get the authority to tax personal and business income?
The Fed regulates the_______
The Fed is the________
Federal Reserve System
The government increases borrowing in order to_____ funds available for borrowing by individuals and businesses
The Federal Reserve System is the_____ of the United States of America
How do governments get the money to provide public goods and services?
Tax revenue and borrowed funds
Decreased governments spending may result in _____ tax rates
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