Fiscal Policy

Fiscal Policy

Assessment

Flashcard

Social Studies

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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10 questions

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1.

FLASHCARD QUESTION

Front

Which of the following is discretionary spending, which can be adjusted yearly through the appropriations process?
Medicare,
Social Security benefits,
Interest on the national debt,
National defense

Back

National defense

2.

FLASHCARD QUESTION

Front

If the economy is producing too much, what type of fiscal policy can help cool off an over-heated economy?

Back

Contractionary fiscal policy

3.

FLASHCARD QUESTION

Front

Which of the following is an example of expansionary fiscal policy? Increased government spending, Reducing transfer payments, Raising income taxes, Reducing federal health care coverage

Back

Increased government spending

4.

FLASHCARD QUESTION

Front

Which of the following would have a more direct impact on the U.S. economy when the economy is producing less than it is capable of?
Options: Lowering income tax rates, Providing stimulus checks for all Americans, Increasing government spending on infastructure, Lowering payroll taxes

Back

Increasing government spending on infastructure

5.

FLASHCARD QUESTION

Front

The U.S. federal income tax is

Back

Progressive

6.

FLASHCARD QUESTION

Front

Issues with successfully implementing fiscal policy include lags (or delays in time)

Back

lags (or delays in time)

7.

FLASHCARD QUESTION

Front

Fiscal policy is

Back

Keynesian

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