AP Flashcards

6578288959	Psychology	the science of behavior and mental processes	0
6578296868	Monism	seeing mind and body as different aspects of the same thing	1
6580796180	Monetary policy includes	Regulating the money supply Controlling inflation Adjusting the interest rates	2
6580801335	Monetary Policy	Determines whether to print more or less money and adjust the interest rate	3
6580803666	Fixed interest rate	Interest doesn't change even if Fed change sit, mortgage, long term	4
6580807022	Floating interest rate	Construction loans, equity loans, short periods of time	5
6580810426	Fiscal policy is controlled by	The executive and legislative branches	6
6580814081	The ______ proposes a federal budget and ______ passes it	President; Congress	7
6580815370	Fiscal policy includes	Raising/lowering taxes Government spending programs (independent and regulatory agencies)	8
6580821466	Budget falls under	Fiscal policy	9
6580844894	Fiscal policy is controlled by ____ and not ______	Executive and legislative branch, not the bureaucracy, like the monetary budget	10
6580864791	________ can change the budget because they have power of the purse (tax and spend	Legislature	11
6580868748	Sources of federal income	Individual income tax Corporate taxes Social insurance tax Excise taxes Estate and gift taxes Custom Duties	12
6580876600	Government makes money through	Taxes	13
6580880960	Bulk of the money comes from	Individual income taxes, then payroll taxes (W2)	14
6580885373	_____________ has always been greatest source of income for government	Individual income	15