Fiscal Policy

Fiscal Policy

12th Grade

15 Qs

quiz-placeholder

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Fiscal Policy

Fiscal Policy

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

CCSS
RI.9-10.4, 6.EE.A.2A, RI.11-12.4

+2

Standards-aligned

Created by

Natalie Chastine

Used 233+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Who is in charge of fiscal policy?

Government
Federal Reserve

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

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

expansionary policy
monetary policy
contractionary policy
budget deficit

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Taxing & spending to slow the economy is referred to as 

budget surplus 
monetary policy
contractionary policy
budget deficit

4.

MULTIPLE CHOICE QUESTION

20 sec • 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

5.

MULTIPLE CHOICE QUESTION

20 sec • 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

20 sec • 1 pt

If the unemployment rate is rising and GDP is falling, the fiscal policy action that the federal government should MOST likely follow is 

decreasing taxes.
decreasing spending.
decreasing the money supply.
decreasing the reserve requirement.

7.

MULTIPLE CHOICE QUESTION

20 sec • 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

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