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Unit 5 vocabulary
Unit 5: Fiscal and Monetary Policy
Unit 5 Standards Covered
SSEMA2 The student will explain the role and functions of the Federal Reserve System.
a. Describe the organization of the Federal Reserve System.
b. Define monetary policy.
c. Describe how the Federal Reserve uses the tools of monetary policy to promote price stability, full employment, and economic growth.
SSEMA3 The student will explain how the government uses fiscal policy to promote price stability, full employment, and economic growth.
a. Define fiscal policy.
b. Explain the government’s taxing and spending decisions