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L1 19 Monetary and Fiscal Policy

This class was created by Brainscape user Steven Popovic. Visit their profile to learn more about the creator.

By: Steven Popovic
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Decks in this class (20)

Monetary and Fiscal Policy
A compare monetary and fiscal pol...,
B describe functions and definiti...,
C explain the money creation proc...
19  cards
a compare monetary and fiscal policy;
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b describe functions and definitions of money;
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c explain the money creation process;
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d describe theories of the demand for and supply of money;
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e describe the Fisher effect;
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f describe roles and objectives of central banks;
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g contrast the costs of expected and unexpected inflation;
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h describe tools used to implement monetary policy;
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i describe qualities of effective central banks;
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j explain the relationships between monetary policy and economic growth, inflation, interest, and exchange rates;
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k contrast the use of inflation, interest rate, and exchange rate targeting by central banks;
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l determine whether a monetary policy is expansionary or contractionary;
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m describe limitations of monetary policy;
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n describe roles and objectives of fiscal policy;
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o describe tools of fiscal policy, including their advantages and disadvantages;
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p describe the arguments about whether the size of a national debt relative to GDP matters;
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q explain the implementation of fiscal policy and difficulties of implementation;
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r determine whether a fiscal policy is expansionary or contractionary;
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s explain the interaction of monetary and fiscal policy.
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L1 19 Monetary and Fiscal Policy

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