Question

Match the correct economic terms to their descriptions. Federal government’s way to influence the economy through taxes Federal reserve’s tool to influence the money supply in the economy A market where firms buy services related to production A market where finished goods and services are traded

Answer 1

Answer:

1. Fiscal policy

2. Monetary policy

3. Factor market

4. Product market

Answer 2

Answer:

monetary policy, Federal reserve’s tool to influence the money supply in the economy

factor market, A market where firms buy services related to production

product market, A market where finished goods and services are traded

fiscal policy, Federal government’s way to influence the economy through taxes

Explanation: