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6 Cards in this Set
- Front
- Back
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Dodd-Frank Act |
the primary regulatory response to the financial turmoil that contributed to the Great Recession |
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Macroeconomic policy |
encompasses government acts to influence the macroeconomy |
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Fiscal policy |
comprises the use of government's budget tools, government spending, & taxes to influence the macroeconomy |
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Monetary policy |
involves adjusting the money supply to influence the macroeconomy |
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Classical economists |
stress the importance of aggregate supply & generally believe that the economy can adjust back to full employment equilibrium on its own |
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Keynesian economists |
stress the importance of aggregate demand & generally believe that the economy needs help in moving back to full employment equilibrium |
