© Mark E. Damon - All Rights Reserved.

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Presentation transcript:

© Mark E. Damon - All Rights Reserved

ElmoCookieMonster BigBird Round 1Round 2 Final Jeopardy

© Mark E. Damon - All Rights Reserved Money Money Money $100 $200 $300 $400 $500 Score Final Jep Rd 2 Fiscal Policy Monetary Policy Econ 101 The FED

© Mark E. Damon - All Rights Reserved $100 A substance that serves as a medium of exchange

© Mark E. Damon - All Rights Reserved $100 Scores What is money?

© Mark E. Damon - All Rights Reserved $200 Accepted by all parties as payment for goods and services

© Mark E. Damon - All Rights Reserved $200 Scores What is medium of exchange?

© Mark E. Damon - All Rights Reserved $300 Must be easily transferred or ?

© Mark E. Damon - All Rights Reserved $300 Scores What is portable?

© Mark E. Damon - All Rights Reserved $400 Allows purchasing power to be saved until needed

© Mark E. Damon - All Rights Reserved $400 Scores What is store of value?

© Mark E. Damon - All Rights Reserved $500 Money must be able to be broken down into smaller units or must be?

© Mark E. Damon - All Rights Reserved $500 Scores What is divisible?

© Mark E. Damon - All Rights Reserved $100 Who makes fiscal policy?

© Mark E. Damon - All Rights Reserved $100 Scores What is Congress?

© Mark E. Damon - All Rights Reserved $200 Fiscal policy can do what two things?

© Mark E. Damon - All Rights Reserved $200 Scores What is spend or tax?

© Mark E. Damon - All Rights Reserved $300 Act that committed itself to accept some responsibility for the general level of employment and prices.

© Mark E. Damon - All Rights Reserved $300 Scores What is the Employment Act of 1946?

© Mark E. Damon - All Rights Reserved $400 A(n) ________fiscal policy would show a shift to the left in the economy's AD curve.

© Mark E. Damon - All Rights Reserved $400 Scores What is contractionary?

© Mark E. Damon - All Rights Reserved $500 An appropriate fiscal action for a severe recession is ?

© Mark E. Damon - All Rights Reserved $500 Scores What is a decrease in tax OR an increase in spending OR expansionary policy?

© Mark E. Damon - All Rights Reserved $100 Who is responsible for creating monetary policy?

© Mark E. Damon - All Rights Reserved $100 Scores What is the FED or FOMC?

© Mark E. Damon - All Rights Reserved $200 The value or formula for the money multiplier is ?

© Mark E. Damon - All Rights Reserved $200 Scores What is 1 / rr?

© Mark E. Damon - All Rights Reserved $300 The greater the legal reserve ratio, the __ the money multiplier.

© Mark E. Damon - All Rights Reserved $300 Scores What is lower the money multiplier?

© Mark E. Damon - All Rights Reserved $400 If the FED buys bonds, what will happen to the money supply?

© Mark E. Damon - All Rights Reserved $400 Scores What is increase?

© Mark E. Damon - All Rights Reserved $500 What type of monetary policy lowers the interest rate?

© Mark E. Damon - All Rights Reserved $500 Scores What is easy money policy?

© Mark E. Damon - All Rights Reserved $100 There are ____members of the Board of Governors.

© Mark E. Damon - All Rights Reserved $100 Scores What is 7?

© Mark E. Damon - All Rights Reserved $200 Important function of the ___ is to provide facilities to collect and clear checks.

© Mark E. Damon - All Rights Reserved $200 Scores What is Federal Reserve Bank?

© Mark E. Damon - All Rights Reserved $300 Savings & Loans and credit unions are considered ?

© Mark E. Damon - All Rights Reserved $300 Scores What is a thrift or thrift institution?

© Mark E. Damon - All Rights Reserved $400 Body that sets the discount rate

© Mark E. Damon - All Rights Reserved $400 Scores What is the FOMC (Federal Open Market Committee)?

© Mark E. Damon - All Rights Reserved $500 The voting members of the FOMC always includes the BoG and the president of what federal reserve bank ?

© Mark E. Damon - All Rights Reserved $500 Scores What is the New York Fed Bank President?

© Mark E. Damon - All Rights Reserved $100 Rate charged by banks for overnight loans to other banks

© Mark E. Damon - All Rights Reserved $100 Scores What is the Fed Funds Rate?

© Mark E. Damon - All Rights Reserved $200 Unemployment compensation and an automatic increase in income tax are considered

© Mark E. Damon - All Rights Reserved $200 Scores What is built in stabilizers OR automatic fiscal policy?

© Mark E. Damon - All Rights Reserved $300 The paper money used in the US is a ____ Note.

© Mark E. Damon - All Rights Reserved $300 Scores What is Federal Reserve Note?

© Mark E. Damon - All Rights Reserved $400 Savings accounts are included in

© Mark E. Damon - All Rights Reserved $400 Scores What is M2?

© Mark E. Damon - All Rights Reserved $500 Assume we are in a recession. What should Congress do AND what should the FED do?

© Mark E. Damon - All Rights Reserved $500 Scores What is decrease taxes or increase spending AND buy bonds, lower interest rates or the reserve requirement?