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F22 Updated Monetary & Fiscal Policy Practice

Authored by Michelle Ashley

Social Studies

8th - 12th Grade

Used 88+ times

F22 Updated Monetary & Fiscal Policy Practice
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34 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

In a recession, the Fed would likely

Increase the supply of money in the economy
Decrease the supply of the money in the economy

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Does increasing the money supply cause inflation or deflation?

Inflation
Deflation

3.

MULTIPLE CHOICE QUESTION

15 mins • 5 pts

The primary role of the Federal Reserve Bank is to steer the economy by

controlling the budget
setting spending levels.

conducting monetary policy

loaning out money.

4.

MULTIPLE CHOICE QUESTION

15 mins • 5 pts

If the government wants to stimulate(speed up) the economy the Federal Reserve will

lower the Federal Funds Rate target

raise the Federal Funds Rate target

increase taxes

decrease taxes

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The CPI is up, and housing starts are at a fifteen-year high. What should the Fed do?

contractionary

expansionary

Do Nothing

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The Fed's Federal Open Market Committee

advises the Fed on the overall health of the economy.
is the Fed's primary monetary policymaking body.
advises the Fed on consumer credit laws.

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

 Which group on the Federal Reserve organization chart decides whether to raise or lower interest rates?

Federal Open Market Committee
Board of Governors
Federal Advisory Council
Federal Reserve Banks

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