Exam 7: Economic and Budgetary Policy

______ is a component of economic policy related to the amount of money in circulation that is implemented by the Federal Reserve Board (Fed).

A simple definition of inflation is an increase in the costs of goods and services.

______ refers to the sum total of the use of taxing and spending by the federal government.

Discuss the following national trends related to the U.S. workforce: labor force participation by women and unemployment rates of certain demographic groups.