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Chapter 7
Growth Strategy - Coggle Diagram
Chapter 7
Growth Strategy
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Fiscal Policy which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.
Expansionary Fiscal Policy occurs when the Congress acts to cut tax rates or increase government spending.
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Federal Deficit
A budgetary situation when the expenses by the government are over and above the tax revenues taken in.
National Debt also known as the public debt is the result of federal government borrowing money to cover years and years of budget deficits.
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Monetary Policy how central banks manage liquidity to create economic growth. Liquidity is how much there is in the money supply.
Contractionary Monetary Policy for reduce inflation. Raising interest rates and selling securities through open market operations.
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Federal Surplus
The federal government's budget surplus; that is, the extent to which government revenues exceed government spending.
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National Income is the total value a country's final output of all new goods and services produced in 1 year.
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