Fiscal Policy
2 years ago
mstaylorclass
Save
Edit
Host a game
Live GameLive
Homework
Solo Practice
Practice
14 QuestionsShow answers
  • Question 1
    120 seconds
    Q. Who is in charge of fiscal policy?
    answer choices
    Government
    Federal Reserve
  • Question 2
    120 seconds
    Q. Which of the following are responsible for making fiscal policy decision? 
    answer choices
    The President and Congress
    The Federal Reserve System
    The National Council of Economic Advisors
    The commerce Department
  • Question 3
    120 seconds
    Q. Taxing & spending to help the economy grow is referred to as
    answer choices
    expansionary policy
    monetary policy
    contractionary policy
    budget deficit
  • Question 4
    120 seconds
    Q. Taxing & spending to slow the economy is referred to as 
    answer choices
    budget surplus 
    monetary policy
    contractionary policy
    budget deficit
  • Question 5
    120 seconds
    Q. The federal government's overall approach to spending and taxes is called
    answer choices
    Physical Policy
    Fiscal Policy
    Money
    Monetary Policy
  • Question 6
    120 seconds
    Q. An example of expansionary fiscal policy would be
    answer choices
    cutting taxes.
    cutting government spending.
    cutting production of consumer goods.
    cutting prices of consumer goods.
  • Question 7
    120 seconds
    Q. If the unemployment rate is rising and GDP is falling, the fiscal policy action that the federal government should MOST likely follow is 
    answer choices
    decreasing taxes.
    decreasing spending.
    decreasing the money supply.
    decreasing the reserve requirement.
  • Question 8
    120 seconds
    Q. If and economy experiences a dramatic rise in prices, which fiscal policy action could be taken?
    answer choices
    Selling securities on the open market
    Raising interest rates
    Reducing government spending
    Raising reserve requirements
  • Question 9
    120 seconds
    Q. Fiscal Policy is the means by which the government keeps the economy stable through taxes and programs provided to the people.
    answer choices
    True
    False
  • Question 10
    120 seconds
    Q. The Federal government is concerned that economic growth is too high, that it is unsustainable, and that inflation is resulting. Which of the following fiscal policies  might be enacted to reduce inflation?
    answer choices
    Increasing taxation
    Open market sales
    decreasing taxation
    Increasing government spending
  • Question 11
    120 seconds
    Q. An example of expansionary fiscal policy would be
    answer choices
    cutting taxes.
    cutting government spending.
    cutting production of consumer goods.
    cutting prices of consumer goods.
  • Question 12
    30 seconds
    Q. Which of the following is not a tool of fiscal policy?
    answer choices
    Taxing
    Spending
    Interest Rates
    All of these options are tools of fiscal policy.
  • Question 13
    30 seconds
    Q. When the government raises taxes, what does it take out of circulation?
    answer choices
    Money
    Credit
    People
    Jobs
  • Question 14
    30 seconds
    Q. True or False-- the Federal Reserve helps with fiscal policy
    answer choices
    True
    False
Report Quiz
Join a game