
SSEMA2-3 Fiscal Policy
Social Studies
12th Grade
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25 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Which of the following would cause the Federal Reserve to implement expansionary monetary policy?
The economy is expanding too quickly and inflation is a concern.
The federal government passes a new budget with a large deficit.
The economy is prosperous with low inflation.
A recession has reduced aggregate demand and increased unemployment.
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What would be the result of lowering interest rates on bank reserves held at the Federal Reserve?
Money Supply increases
Aggregate Demand increases
Aggregate Demand increases
Money supply increases
Aggregate demand decreases
Aggregate demand decreases
Money supply decreases;
Aggregate demand increases
Aggregate demand increases
Money supply decreases; Aggregate demand decreases
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Franklin D. Roosevelt's New Deal would be an example of
expansionary fiscal policy
contractionary fiscal policy
expansionary monetary policy
contractionary monetary policy
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When interest rates rise, the number of loans made by banks will
increase
decrease
be unaffected
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
If the Federal Reserve System wanted to stimulate the U S economy and reduce unemployment, it would
cause interest rates to decrease because low interest rates encourage business growth and expansion
cause interest rates to rise because high interest rates encourage business growth and expansion
increase the discount rate it charges banks, which would increase the money supply
increase consumer spending by reducing the money supply
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Which statement BEST describes the U S government’s monetary policy and fiscal policy?
Monetary policy reflects the Federal Reserve’s authority to change the money supply; fiscal policy reflects the government’s power to influence the economy through taxes, expenditures, and borrowing.
Monetary policy reflects the Federal Reserve’s authority to change tax rates; fiscal policy reflects the government’s power to influence the money supply by lowering the discount rate for loans to banks.
Monetary policy refers to the Federal Reserve’s influence in the economy through borrowing and creating a deficit; fiscal policy refers to the government’s authority to increase spending.
Monetary policy refers to the Federal Reserve’s authority to increase spending; fiscal policy refers to the government’s authority to increase the discount rate for loans to banks.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
How are fiscal and monetary policies similar?
They both use the same tools to fix economic problems
They both try to promote economic stability.
They always must have Congressional approval before passing.
They both are decided by a Board of Governors.
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