Fiscal Policy and Trade

Fiscal Policy and Trade

12th Grade

25 Qs

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Fiscal Policy and Trade

Fiscal Policy and Trade

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Adam Hopson

Used 45+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Who is in charge of fiscal policy?

Government
Federal Reserve

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following are responsible for making fiscal policy decision? 

The President and Congress
The Federal Reserve System
The National Council of Economic Advisors
The commerce Department

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Taxing & spending to help the economy grow is referred to as

expansionary policy
monetary policy
contractionary policy
budget deficit

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Taxing & spending to slow the economy is referred to as 

budget surplus 
monetary policy
contractionary policy
budget deficit

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An example of expansionary fiscal policy would be

cutting taxes.
cutting government spending.
cutting production of consumer goods.
cutting prices of consumer goods.

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If and economy experiences a dramatic rise in prices, which fiscal policy action could be taken?

Selling securities on the open market
Raising interest rates
Reducing government spending
Raising reserve requirements

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the government raises taxes, what does it take out of circulation?

Money
Credit
People
Jobs

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