Monetary Policy Refers to

question 134

Multiple Choice

Monetary policy refers to

• A) actions taken by banks and other financial institutions regarding their approaches to lending,account management,etc.
• B) changes in the money supply to achieve particular economic goals.
• C) changes in government expenditures and taxation to achieve particular economic goals.
• D) the change in private expenditures that occurs as a consequence of changes in the money supply.

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Definitions:

Sharecroppers

Individuals who farm land owned by another and pay rent either in cash or by sharing a portion of the produce.

Corporate Taxes

Taxes imposed on the income or profit of corporations and businesses by the government.

Nationalizing Industries

The process by which a government takes control of private industries and transforms them into state-owned enterprises.

Social Security Act

A U.S. law enacted in 1935 that was designed to provide retirement income and assist the unemployed, as well as provide support for the disabled and families with dependent children.