Fiscal Policy and the Circular Flow

Which is an example of investment in human capital?

• trucks
• factories
• education
• highways

What term is used to describe the percent of the labor force that does not have a job but is currently looking for one?

• Leading economic indicator
• Full employment
• Unemployment rate
• Structural unemployment

What term is used to describe an increase in the general price level?

• Deflation
• Monetary policy
• Stagnation
• Inflation

Which term describes the phases of expansion and contraction in an economy over time?

• Recessions
• Business cycles
• Output yo-yos
• Total product oscillations

This is a tax that where you pay more the more money you make

• regressive
• proportional
• progressive
• flat

This is a tax where you pay less the more money you make

• regressive
• progressive
• proportional
• flat

A flat tax would be a great example of this

• progressive
• regressive
• proportional
• Sales

The largest portion of revenue for the Federal Government comes from

• user fees
• Federal income Tax
• national Sales Tax
• Transfer Payments

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

• Physical Policy
• Fiscal Policy
• Money
• Monetary Policy

How many districts make up the regional component of the Federal Reserve?

• 12
• 7
• 9
• 13