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14 QuestionsShow answers
Question 1
SURVEY
120 seconds
Q. Who is in charge of fiscal policy?
answer choices
Government
Federal Reserve
Question 2
SURVEY
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
SURVEY
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
SURVEY
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
SURVEY
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
SURVEY
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
SURVEY
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
SURVEY
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
SURVEY
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
SURVEY
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
SURVEY
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
SURVEY
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
SURVEY
30 seconds
Q. When the government raises taxes, what does it take out of circulation?
answer choices
Money
Credit
People
Jobs
Question 14
SURVEY
30 seconds
Q. True or False-- the Federal Reserve helps with fiscal policy