Macro Unit Test Review

Macro Unit Test Review

12th Grade

25 Qs

quiz-placeholder

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Macro Unit Test Review

Macro Unit Test Review

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Elizabeth Aldridge

Used 7+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 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

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Fiscal Policy is concerned with

Government Spending and taxation
Consumer spending and productivity
Government spending and the money supply
Taxation and inflation

3.

MULTIPLE SELECT QUESTION

1 min • 1 pt

An example of expansionary is what? (Multiple answers - must pick all to receive credit)

Decrease taxes

Raise taxes

Government spends more on Science research

Government cuts organizations like the National Science Foundation

4.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Examples of contractionary fiscal policy includes which of the following (choose all correct answers)?

Raise taxes on corporations

Lower the corporate tax rate

Government increases spending on research in Antarctica

Government cuts spending on education

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

One pro of a flat tax is:

Taxes the rich more than low-income families

Many government employees and tax preparers would lose their jobs

Lawmakers cannot create loopholes for corporations and lobbyists for campaign contributions or personal favors

Can create corruption and cause loopholes

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

"The Fed refers to the Federal Reserve System, the Central Bank of the United States. The FOMC is the Federal Open Market Committee, the group responsible for implementing monetary policy."

Fiscal policy

Monetary policy

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

"The U.S. Federal Reserve is almost certain to hike interest rates Wednesday to the highest level in a decade: 1.5 to 1.75 percent. "

Fiscal policy

Monetary policy

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