Fiscal and Monetary Policy Test
Flashcard
•
Financial Education
•
11th Grade
•
Practice Problem
•
Hard
Wayground Content
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25 questions
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1.
FLASHCARD QUESTION
Front
Fiscal Policy is controlled by...
Back
The Government
2.
FLASHCARD QUESTION
Front
Taxing & spending to help the economy grow is referred to as
Back
expansionary policy
3.
FLASHCARD QUESTION
Front
An example of expansionary fiscal policy would be: cutting taxes., cutting government spending., cutting production of consumer goods., cutting prices of consumer goods.
Back
cutting taxes.
4.
FLASHCARD QUESTION
Front
If the unemployment rate is rising and GDP is falling, what fiscal policy action should the federal government MOST likely follow? Options: decreasing taxes, decreasing spending, decreasing the money supply, decreasing the reserve requirement.
Back
decreasing taxes.
5.
FLASHCARD QUESTION
Front
If an economy experiences a dramatic rise in prices, which fiscal policy action could be taken? Options: Selling securities on the open market, Raising interest rates, Reducing government spending, Raising reserve requirements
Back
Reducing government spending
6.
FLASHCARD QUESTION
Front
The Federal government is concerned that economic growth is too high, that it is unsustainable, and that inflation is resulting. Which fiscal policy might be enacted to reduce inflation? Options: Increasing taxation, Open market sales, decreasing taxation, Increasing government spending
Back
Increasing taxation
7.
FLASHCARD QUESTION
Front
Who is in charge of Monetary Policy?
Back
The Federal Reserve System
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