Directions: Click on the 2 links (a video and a webpage) below and answer questions and/or fill in the blanks. Email your answers to jbello@sdcoe.net titled:

Econ 13.46 – Monetary vs Fiscal Policy

120 Homework points!

Deadline – 5/27/13

Monetary and Fiscal Policy

Two words you’ll hear thrown a lot  in  (__1__) circles are (__2__) policy and (__3__) policy.

4.  What are they normally used for?

5.  What is monetary policy literally?

6.  Who tends to do monetary policy?

7.  How are the major appointees made?

8.  What is buying debt the same as?

9.  When the government buys debt, what happens to the supply curve?

10.  What happens to the interest rates?

11.  What is fiscal policy essentially?

12.  What are it’s 2 sources of revenue?

13.  Which economic policy is more indirect?

 http://www.diffen.com/difference/Fiscal_Policy_vs_Monetary_Policy

Comparison chart
Manipulating the level of (__14__) in the economy to achieve economic objectives of (__15__), full (__16__), and (__17__) . (Fiscal Policy)

Manipulating the supply of (__18__) to influence outcomes like (__19__), (__20__), (__21__) with other currencies and unemployment. (Monetary Policy)

Policy Tools
The (__22__) and (__23__) branches of government control fiscal policy. In the United States, this is the President’s administration (mainly the (__24__) ) and the Congress that passes laws.

Monetary policy is controlled by the (__25__) . In the U.S., this is the (__26__) . The Fed chairman is appointed by the (__27__) and there is an oversight committee in Congress for the Fed. But the organization is largely (__28__) and is free to take any measures to meet its dual mandate: (__29__) and low (__30__).