Unit 3: Fiscal Policy
Authored by Jonathan Voyt
Social Studies
10th Grade
Used 3+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If Congress wants to close a recessionary gap, which policy is matched to the change in policy, output and price level?
Policy / Price Level / Output
Decrease Spending / Increase / Increase
Increase Spending / Decrease / Increase
Decrease Spending / Decrease / Decrease
Increase Taxes / Increase / Decrease
Decrease Taxes / Increase / Increase
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If Congress wants to close an inflationary gap, which policy is matched to the change in policy, output and price level?
Policy / Price Level / Output
Decrease Spending / Decrease / Decrease
Increase Spending / Decrease / Increase
Increase Taxes / Increase / Decrease
Decrease Taxes / Increase / Increase
Decrease Spending / Increase / Increase
3.
MULTIPLE SELECT QUESTION
1 min • 1 pt
What are the two types of fiscal policy actions the government can use to close a recessionary and inflationary gap?
Open Market Operations
Government Spending
Discount Rate
Personal Income Taxes
Legal Reserve Requirement
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
To close an inflationary gap congress should
decrease spending and increase taxes
buy bonds and lower the discount rate
sell bonds and raise the discount rate
increase spending and decrease taxes
increase spending and increase taxes
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
To close a recessionary gap, congress should
decrease spending and raise taxes
sell bonds and raise the discount rate
buy bonds and lower the discount rate
increase spending and raise taxes
increase spending and lower taxes
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