Econ Unit 4: Fiscal and Monetary Policy

Econ Unit 4: Fiscal and Monetary Policy

9th - 12th Grade

11 Qs

quiz-placeholder

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Econ Unit 4: Fiscal and Monetary Policy

Econ Unit 4: Fiscal and Monetary Policy

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Hard

Created by

Alicia Szymonik

Used 53+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fiscal policy involves laws and actions that the government takes regarding:

interest rates and money supply

taxing and spending

foreign and domestic issues

trade exports and imports

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Monetary policy involves: (check all that apply)

adjusting interest rates

adjusting the amount of money in circulation

adjusting income taxes

adjusting the federal budget

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who makes monetary policy decisions?

The Federal Reserve Bank

Congress

The President

The House of Representatives

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What are the responsibilities of the Federal Reserve Bank? (Check all that apply)

Regulate other banks

Enact monetary policy

Serve as the central bank of the United States government

Issue loans to citizens and foreign companies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The federal government raises the majority of the revenue for its budget through:

taxation

loans

selling assets

investments

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the government runs out of revenue, how does it pay for things in the budget?

It raises income and capital gains taxes

It borrows money from individuals and other countries

It sells off assets like property and equipment

It shuts down until the next fiscal year starts

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

As your income increases, the rate of your taxes also increases. This is an example of what kind of taxation?

progressive

regressive

proportional

flat tax

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