Fiscal policy

Fiscal policy

10th Grade

14 Qs

quiz-placeholder

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Fiscal policy

Fiscal policy

Assessment

Quiz

Business

10th Grade

Practice Problem

Medium

Created by

Wesley Fung

Used 4+ times

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14 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What should the government do if the GDP is significantly contracting (Shrinking)

Raise Taxes

Lower Taxes

Increase government spending

Decrease government spending

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What should the government do if the GDP is significantly greater than last year?

Raise Taxes

Lower Taxes

Increase government spending

Decrease government spending

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The inflation rate has been at 5% from November to Jan. What should the government do?

Increase Taxes

Decrease Taxes

Increase spending

Decrease spending

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Monthly unemployment rates are steadily increasing. What should the government do?

Raise Taxes

Lower Taxes

Increase government spending

Decrease government spending

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

In a normal year, how does government spending impact the supply and demand curves?

Supply increases a little

Supply increases a lot

Demand increases a little

Demand increases a lot

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What happens to the equilibrium price of CAD if the government decides to decrease spending by a lot and increase taxation by a little?

Increase

Decrease

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What should a government do during a pandemic?

Raise Taxes

Lower Taxes

Increase government spending

Decrease government spending

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