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7.1 Fiscal Policy D/S

7.1 Fiscal Policy D/S

Assessment

Presentation

Social Studies

9th - 12th Grade

Easy

Created by

Julie Malcom

Used 2+ times

FREE Resource

19 Slides • 11 Questions

1

7.1 Fiscal Policy D/S

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2

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3

Multiple Choice

What 2 tools does the government use to effect the economy?

1

debt and taxes

2

tax and spend

3

credit and debit

4

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5

Open Ended

What are the 2 types of economic instability?

6

2 PROBLEMS in economy

"Unemployment"

"Inflation"

are the 2 economic problems we are always trying to balance.

7

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8

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9

Multiple Choice

When the problem is INFLATION , the economy must be in the EXPANSION phase. What will the government use to balance inflation?

1

Contraction

2

Stagflation

3

Lorenz Curve

10

Multiple Choice

When the problem is UNEMPLOYMENT, the economy must be in the CONTRACTION phase. What will the government use to balance inflation?

1

taxes

2

Stagflation

3

Expansion

11

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12

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13

Multiple Choice

What major event changed the overall economic policy of the US (it used to be Laissez-Faire, but now the government is more invovled)

1

World War I (1917)

2

Great Depression (1930s)

3

Great Stagflation (1970s)

14

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15

Open Ended

This is a repetitive question- that must mean it is super important...

What 2 tools does the government use to impact the economy?

16

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17

Multiple Choice

According to the graphic on the previous slide, which of these following is true?

1

When the government decreases taxes, they increase their spending

2

When the government increase taxes, they increase their spending

3

It is unpredictable whether the government increases or decreases spending.

18

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19

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20

Multiple Choice

When the government uses EXPANSIONARY policy, what problem are they trying to correct?

1

unemployment

2

stagflation

21

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22

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23

Multiple Choice

When the government uses CONTRACTIONARY policy, what problem are they trying to correct?

1

Unemployment

2

Inflation

24

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25

Multiple Choice

Keynesian economics guides much of the US economic policy. Does it focus on demand (consumers) or supply (business)

1

Keynesian economics focuses on SUPPLY side

2

Keynesian economics focuses on DEMAND side

26

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29

Multiple Choice

A big limitation of Demand Side policy is that "People are unpredictable and may not react the way we think they will"

1

True

2

False

30

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7.1 Fiscal Policy D/S

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