Question

Define, Describe and State the Significance of the following terms:

1- Federal Reserve Board

2- The Monroe Doctrine

3- Fiscal Policy

4- Consumer Price Index

5- Cold War

6- Bush Doctrine

Don't forget to state the  Significance for each. Also Citations from the textbook is a must (AM GOV 6e, Losco Baker)

Answer 1

Federal reserve board

Federal reserve board is composed of seven members including a chairman appointed by congress from among the regional federal reserve banks. The federal reserve board is the governing body of the federal reserve system America's Central Bank. it is non governmental agency in charge of conducting monetary policy through open market operations are setting interest rates.

2. The Monroe Doctrine:-
this doctrine was a US foreign policy regarding domination of the American continent in 1823. It started that European Nations to colonize land or interfere in American land would be viewed as act of aggression requiring US intervention. At the same time US would not interfere with the existing European colonies.

3. Fiscal policy :-

fiscal policy is the use of government revenue collection mainly taxes but also non tax revenues such as divestment, loans and expenditure to influence the economy. With the help of physical policy Government adjustit spending levels and tax rate to monitor and influence a nation's economy.

4. Consumer price index:-

Consumer price index is the measure of changes in the price level of a basket of consumer goods and services bought by households. CPI is a numerical estimation calculated using the rates of a sample of representative objects the prices of which are gathered periodically. The CPI captures changes in price level at the consumer level. Changes in prices at the producer level are tracked by by the wholesale price index.