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Unformatted text preview: Monetary policies Federal reserve board (There are 12 federal reserve banks in the nation) o They are supposed to control the flow of money in United States Interest Rates (raise/lower) Bonds (buy/sell) Reserve requirement (increase/decrease) o A lot of government spending is mandatory, and that complicates the governments ability to use fiscal policy o Supply-side economics more taxes on wealthier end of spectrum in hoping that those taxes could be reinvested in the economy Deficit: Amount of loss of national budget in one year Debt: Accumulation of deficit over the course of many years (about 8 trillion dollars) 28/11/2007 11:03:00 28/11/2007 11:03:00...
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This note was uploaded on 03/29/2008 for the course HIST 1100 taught by Professor Horner during the Fall '07 term at Missouri (Mizzou).
- Fall '07