Deficit & Debt
Authored by Elizabeth Bohl
Social Studies
12th Grade
Used 51+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a primary tool for the government's discretionary fiscal policy?
government spending
open market operations
taxation changes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The government utilizes a contractionary fiscal policy to
grow the economy
deal with inflationary pressures
increase employment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To implement an expansionary fiscal policy the government will
increase taxes and decrease spending
increase taxes and increase spending
decrease taxes and decrease spending
decrease taxes and increase spending
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Expansionary fiscal policies lead to ___________________ spending.
deficit
debt
bad
decreased
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The government borrows money to cover any deficits it runs by
increasing taxes
borrowing money from banks
borrowing money from the federal government
issuing bonds
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A deficit is
when the government spends more than it collects in taxes and borrows to cover the difference.
the sum of all of the money owed by the government.
a very, very, very bad thing to have in government
okay to have.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The government can use a _________________ to reduce its debt.
shortage
surplus
deficit
loan
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