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Fiscal Policy

Authored by Kyle Cramer

History

12th Grade

Used 5+ times

Fiscal Policy
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39 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Fiscal Policy?

Use of gov't spending and tax policies to influence economic conditions

A central bank influencing a nation's money supply

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who had a big influence on Fiscal Policy?

John Maynard Keynes

Thomas Malthus

Adam Smith

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Keynes argued that recessions are due to a deficiency in:

Consumption

Investment

Government Spending

Consumption AND Investment

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Keynes believed that __________________ could stabilize the business cycle and regulate economic output.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Keynesian economists, the private sector components of aggregate demand are:

Very emotional

Not very emotional

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What are the two major Fiscal Policies?

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Expansionary Fiscal Policy is usually characterized by:

A balanced budget

Budget surplusses

Deficit spending

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