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13 Cards in this Set
- Front
- Back
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Agenda
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A set of issues to be discussed or given attention.
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Board of Governors of the Federal Reserve System
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In the Federal Reserve System, a seven-member board that makes most economic decisions regarding interest rates and the supply of money.
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Deregulation
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nullifying current regulations
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Discount Rate
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The rate of interest at which the Federal Reserve Board lends money to member banks.
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Reserve Requirements
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Government requirements that a portion of member banks' deposits be retained as backing for their loans.
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Fiscal Policy
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The deliberate use of the national government's taxing and spending policies to maintain economic stability.
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Monetary Policy
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A form of government regulation in which the nation's money supply and interest rates are controlled.
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Inflation
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A rise in the general price levels of an economy.
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Recession
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A decline in the economy that occurs as investment sags, production falls off, and unemployment increases.
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Medicaid
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A government program that subsidizes medical care for the poor.
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Open Market Operations by the Federal Reserve System
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The buying and selling of government securities by the Federal Reserve Bank
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Social Security
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A 1935 law that established old age insurance; assistance for the needy, aged, blind, and families with dependent children; and unemployment insurance.
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Medicare
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A federal program established during the Lyndon B. Johnson administration that provides medical care to elderly Social Security recipients.
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