Which scenario indicates that an expansionary monetary policy is needed
Definition1/8
The economy has been growing rapidly.
Term1/8
Which scenario indicates that a contractionary monetary policy is needed
Definition1/8
The economy has grown too quickly.
Term1/8
Which stage of policy making includes writing new laws confirming new policy
Definition1/8
adoption
Term1/8
Which opinion would a Republican most likely hold about entitlement programs
Definition1/8
Many Republicans and US taxpayers wrongly think Social Security
Retirement and Social Security Disability are "entitlement"
programs---- they are not.
Most Republicans believe the "entitlement" programs cost the
government too much money. However, most federal dollars are
matching dollars or in support of State programs, such as Medicaid
and SNAP. Without the Federal dollars, States would not be able to
help poor, ill, disabled, and elderly. *NOTE: Most of these groups
had worked before needing help, or now still work part-time as they
are able and allowed under program rules. NOTE2: The amount of the
typical Soc. Sec. check is not enough to live on; there are no
extra dollars for anything. NOTE3: Most people pay high prices for
Part D medications or part D premiums.
Term1/8
Which statement refers to Gross Domestic Product (GDP)
Definition1/8
The American economy produced 15 percent more last year than the
year before.
Term1/8
When would the government most likely increase its spending
Definition1/8
When unemployment has increased
Term1/8
What statement refers to per capita GDP
Definition1/8
The average household level of production declined last year.
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Cards in this guide (8)
The term Real GDP refers to
gross domestic product
Which scenario indicates that an expansionary monetary policy is needed
The economy has been growing rapidly.
Which scenario indicates that a contractionary monetary policy is needed
The economy has grown too quickly.
Which stage of policy making includes writing new laws confirming new policy
adoption
Which opinion would a Republican most likely hold about entitlement programs
Many Republicans and US taxpayers wrongly think Social Security
Retirement and Social Security Disability are "entitlement"
programs---- they are not.
Most Republicans believe the "entitlement" programs cost the
government too much money. However, most federal dollars are
matching dollars or in support of State programs, such as Medicaid
and SNAP. Without the Federal dollars, States would not be able to
help poor, ill, disabled, and elderly. *NOTE: Most of these groups
had worked before needing help, or now still work part-time as they
are able and allowed under program rules. NOTE2: The amount of the
typical Soc. Sec. check is not enough to live on; there are no
extra dollars for anything. NOTE3: Most people pay high prices for
Part D medications or part D premiums.
Which statement refers to Gross Domestic Product (GDP)
The American economy produced 15 percent more last year than the
year before.
When would the government most likely increase its spending
When unemployment has increased
What statement refers to per capita GDP
The average household level of production declined last year.