Tax, Economy - Tax Policy Nothings certain but death and...

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Tax Policy Nothing’s certain but death and taxes ." E conomic Policy A Chicken in Every Pot. A car in every garage.”
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Economic Policy Economic Theories Classical: Keynesian: Supply side/ Trickle Down Spending Taxing Borrowing Control Circulation of Currency
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Federal Reserve Puts money in circulation to increase spending (counteract a recession) Reduce interest rates Takes money out to circulation ( reduce inflation) Increase interest rates ; makes borrowing money more difficult Regulates how much money banks must keep in reserve ( on-hand) Reduces the amount of money banks can loan out; harder to borrow money Interest rates increase . Controls the interest rates banks can charge on money Member banks can borrow money from the reserve ( discount rate: interest the reserve charges to loan out money to member banks). Federal Reserve Chairman Ben Bernanke
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Monetary Policy Fiscal Policy Control the supply and availability of money Macroeconomic Stability Low unemployment Low inflation Economic growth How government pays for goods and services.
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Tax, Economy - Tax Policy Nothings certain but death and...

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