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Macroeconomics

Horizontales
Believe Fed should be heavily involved in economy
Money added back to the economy
Adam Smith's Economic Philosophy
Tax that takes larger % from high-income
Total supply
This tax takes larger % from low-income
Government borrows money by selling
Money removed from economy
Believe in injecting more money into economy
Only accounts for final products
Credit in short supply;expensive
Verticales
# of Fed. Reserve Districts
Decline in purchasing power of money
Looks at Consumer Spending over time
Characteristic of money that can withstand wear & tear
Total demand
Most important function of fed is to regulate
Credit is plentiful; inexpensive