Economics Final Fall 2024

Front

Which body of governance is in charge of monetary policy?

Back

The Federal Reserve

Front

What ways/actions of fiscal policy can be taken to influence the economy?

Back

Increasing government spending and decreasing taxes

Front

Which of the following is a way/action of monetary policy that can be taken to influence the economy?
Increasing government spending,
Adjusting interest rates,
Implementing tax cuts,
Regulating trade policies

Back

Adjusting interest rates

Front

Which option is not a way which the Federal Reserve manages the money supply? Options: Open Market, Reserve Requirement, Discount Rate

Back

Increasing Government Spending

Front

How are the Federal Reserve Chairs selected and for how long?

Back

Appointed by the President, Senate approval for 4 years

Front

What should a government do to ensure that money continues to flow through an economy at an appropriate level?

Back

Decrease taxes

Front

How does the Reserve requirement impact the supply of money in the economy?

Back

The lower the reserve requirement the more money to loan.

Front

How does the government of a country primarily generate its revenue?

Back

Collecting taxes from individuals and businesses

Front

How does a government decide what to spend money on?

Back

Budget

Front

Which best describes "expansionary fiscal policy"? Options: Increasing government spending and lowering taxes, Decreasing government spending and increasing taxes, Increasing government spending and increasing taxes, Decreasing government spending and lowering taxes

Back

Increasing government spending and lowering taxes