About This Chapter
MTEL Business: Fiscal Policy and Monetary Policy in Macroeconomics - Chapter Summary
This chapter provides you with facts you'll need to know when sitting for the MTEL Business examination. Consult these animated video lessons on fiscal and monetary policies in macroeconomics in order to learn more about contractionary monetary policy, the process of purchasing and selling treasury bonds, the purpose of the Federal Reserve and the tools of fiscal policy. When you've watched the last lesson in the chapter, you might also be able to:
- Understand the roles played by fiscal and monetary policy in managing the economy
- Explain fiscal policy tools and their positive contributions to the economy
- Discover how expansionary and contractionary fiscal policies can jumpstart or slow down aggregate demand
- Discuss the functions of expansionary and contractionary monetary policies
- Explain the ways in which monetary policy helps the economy
Comprised of animated video lessons, this chapter aims to provide you with the knowledge required to answer related questions on the MTEL Business examination. Utilize your mobile or wired technology to watch the video lessons online. Pause and reflect on the topics you've just explored, then restart the lessons at your convenience. Take the self-assessment quizzes when you're ready. It's also possible to print out the quiz results and learn on-the-go. Enrich your learning experience by asking questions of the experts and focusing on the written transcripts' bold terminology.
MTEL Business: Fiscal Policy and Monetary Policy in Macroeconomics Chapter Objectives
There will be 100 multiple-choice questions and two open-response questions to answer on the computerized MTEL Business examination. The second section of Subarea III - Economics has questions pertaining to monetary and fiscal policy. The Economics subarea's approximate test weighting is 11% and it has between 13 and 15 multiple-choice questions. You must be prepared to finish the whole examination within the four-hour time limit, and you'll need a minimum score of 240 to pass the assessment.
1. Managing the Economy with Fiscal and Monetary Policies
Learn what fiscal and monetary policy are and how they are used to manage the economy. Find out the goals of these policies and some of the tools that each use to help you find a job and influence the amount of money in your pocket.
2. Fiscal Policy Tools: Government Spending and Taxes
Discover the three main tools the government uses to address recessionary and inflationary economies - what economists call fiscal policy. Find out how these tools are used to help the economy in different situations.
3. Expansionary Fiscal Policy and Aggregate Demand
In the 21st century, the realities of a recessionary economy are more vivid than many of us would probably like. In this lesson, you'll learn how the government uses expansionary policy to offset recessionary gaps using real-world examples.
4. Contractionary Fiscal Policy and Aggregate Demand
This lesson examines how fiscal authorities use contractionary fiscal policy to slow down the economy and defeat the enemy called inflation. Find out what fiscal tools the federal authorities can use to contract the economy.
5. Expansionary Monetary Policy: Helping the Economy Grow
In this lesson, you'll learn how the central bank helps the economy grow during recessions by increasing the size of the money supply. An overview of the three tools of monetary policy are included as well as the reasons why monetary policy leads to higher economic output.
6. Contractionary Monetary Policy: Slowing the Economy Down
In this lesson, you'll find out more about the central bank's efforts to deal with an overheating economy, what economists call 'contractionary monetary policy.'
7. Monetary Policy & The Federal Reserve System
This lesson covers the Federal Reserve System's use of monetary policy to help promote the economy. A short quiz will follow the lesson to check your understanding.
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Other chapters within the MTEL Business (19): Practice & Study Guide course
- MTEL Business: Management Basics
- MTEL Business: Management Theories
- MTEL Business: Planning Function of Management
- MTEL Business: Organizing Function of Management
- MTEL Business: Leading Function of Management
- MTEL Business: Leadership Theories
- MTEL Business: Controlling Function of Management
- MTEL Business: Motivation & Management
- MTEL Business: Managing Organizational Change
- MTEL Business: Operational Management
- MTEL Business: Overview of Human Resource Management
- MTEL Business: Job Analysis & Design
- MTEL Business: Hiring & Staffing
- MTEL Business: Employee Training & Assessment
- MTEL Business: Employee Compensation
- MTEL Business: Employment Law & Rights
- MTEL Business: Equal Employment Opportunity
- MTEL Business: Labor Relations
- MTEL Business: Business Communications
- MTEL Business: Overview of the American Legal System
- MTEL Business: Contract Law
- MTEL Business: Property Law
- MTEL Business: Agency Law
- MTEL Business: Creditors' Rights & Bankruptcy
- MTEL Business: Securities & Antitrust Law
- MTEL Business: Product Liability & Consumer Protection
- MTEL Business: Environmental Law
- MTEL Business: Business Law & Ethics
- MTEL Business: Overview of Accounting
- MTEL Business: Accounting Cycle
- MTEL Business: Financial Statements & Ratios
- MTEL Business: Managerial Accounting & Internal Controls
- MTEL Business: Basics of Business Math
- MTEL Business: Probability & Statistics
- MTEL Business: Depreciation
- MTEL Business: Interest & Purchases
- MTEL Business: Financial Analysis
- MTEL Business: Basic Concepts of Microeconomics
- MTEL Business: Supply & Demand in Microeconomics
- MTEL Business: Aggregate Supply & Demand in Macroeconomics
- MTEL Business: Economic Systems & Theories in Macroeconomics
- MTEL Business: Business Cycle, GDP & Growth in Macroeconomics
- MTEL Business: Unemployment & Inflation in Macroeconomics
- MTEL Business: Trade & International Business in Macroeconomics
- MTEL Business: General Marketing Concepts
- MTEL Business: Consumer Behavior
- MTEL Business: Pricing in Marketing
- MTEL Business: Product Development, Market Research & Segmentation
- MTEL Business: Advertising, Promotion & PR
- MTEL Business: Marketing Channels & Distribution
- MTEL Business: Entrepreneurship
- MTEL Business: Information Technology
- MTEL Business: Career Development
- MTEL Business: Consumer Economics & Personal Finance
- MTEL Business Flashcards