
Fiscal Policy and Trade
Authored by Adam Hopson
Social Studies
12th Grade
Used 45+ times

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25 questions
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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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