4.3 Fiscal Policy
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deanhoss
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13 QuestionsShow answers
  • Question 1
    120 seconds
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    Q. Who is in charge of fiscal policy?
    answer choices
    Government
    Federal Reserve
  • Question 2
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    Q. Taxing & spending to help the economy grow is referred to as
    answer choices
    expansionary policy
    monetary policy
    contractionary policy
    budget deficit
  • Question 3
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    Q. Taxing & spending to slow the economy is referred to as 
    answer choices
    budget surplus 
    monetary policy
    contractionary policy
    budget deficit
  • Question 4
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    Q.

    The government's overall approach to spending and taxes is called

    answer choices

    Physical Policy

    Fiscal Policy

    Money

    Monetary Policy

  • Question 5
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    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 6
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    Q.

    If the unemployment rate is rising and GDP is falling, the fiscal policy action that the government should MOST likely follow is

    answer choices

    decreasing taxes.

    decreasing spending.

    decreasing the money supply.

    decreasing the reserve requirement.

  • Question 7
    120 seconds
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    Q.

    If an 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 8
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    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 9
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    Q.

    The 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 10
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    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 11
    30 seconds
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    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 12
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    Q. When the government raises taxes, what does it take out of circulation?
    answer choices
    Money
    Credit
    People
    Jobs
  • Question 13
    30 seconds
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    Q.

    True or False -- the Bank of England helps with fiscal policy

    answer choices

    True

    False

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