Federal Government and Fiscal Policy

Income for the Federal Government comes from __________?

• Income Tax

• Sales Tax

• Property Tax

• Social Security

Income for the State Government comes from __________?

• Income Tax

• Sales Tax

• Property Tax

• Social Security

Income for the Local Government comes from __________?

• Income Tax

• Sales Tax

• Property Tax

• Social Security

The Federal government spends most of its money on _______?

• Housing and Community

• Education

• Social Security & Unemployment

• Military

What are the 3 different types of taxes?

• Progressive

• Regressive

• Proportional

• Fixed

Who is in charge of fiscal policy?

• Government
• Federal Reserve

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

The federal government's overall approach to spending and taxes is called

• Physical Policy
• Fiscal Policy
• Money
• Monetary Policy

Fiscal Policy is the means by which the government keeps the economy stable through taxes and programs provided to the people.

• True
• False

What are 3 main goals for the Federal government with Fiscal Policy?

• Price Stability

• Economic Growth

• Full Employment

• Profit Motive