Who is the Supreme Court - 1 Chair is appointed for four...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1. Who is the Supreme Court? a. Average age of the four judges on the left side: 74.5 b. Average age of the four judges on the right side: 59.75 Breyer 1938-69 Clinton Mod-left Ginsberg 1933-74 Clinton Mod-left Stevens 1920-87 Ford Mod-left Souter 1939-68 Bush 1 Moderate Kennedy 1936-71 Reagan Mod-right Roberts 1955-52 Bush 2 Right/Far right Alito 1950-57 Bush 2 Far-right Scalia 1936-71 Reagan Far-right Thomas 1948-59 Bush 1 Far-right Tazation and economic policy 1. Basic models for organizing an economy 2. Fiscal and monetary policy a. Fiscal policy deals with government spending i. Spend more than it takes in =stimulates the economy ii. Who controls fiscal policy and how much we spend? Congress and the President b. Monetary policy i. Deals with how much money is in circulation at any given moment ii. How costly money is
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
iii. In the hands of the Federal Reserve Fund
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 1. Chair is appointed for four years 2. Can’t be fired by president 3. Tax policy a. Consumption versus income b. Vertical (progressive, flat, and regressive) c. Horizontal (loopholes) d. Estate or death taxes 4. Major sources of revenue and major expenditures 5. The budget process 6. Types of policy: distributive, redistributive, and regulatory 7. The policy process 8. Iron triangle and issue network Techniques of monetary control (2 principal techniques) 1. Reserve requirements-the reserves members banks must maintain against their deposits in Federal Reserve Banks. 2. Discount rate—interest rate at which the Federal Reserve lends money to commercial banks Tax Rates 1....
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern