Fiscal and Monetary Policy

Fiscal and Monetary Policy

11th Grade

49 Qs

quiz-placeholder

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Fiscal and Monetary Policy

Fiscal and Monetary Policy

Assessment

Quiz

Social Studies

11th Grade

Medium

Created by

Justin Rossi

Used 59+ times

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49 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Who is in charge of fiscal policy?

Government
Federal Reserve

2.

MULTIPLE CHOICE QUESTION

2 mins • 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

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

expansionary policy
monetary policy
contractionary policy
budget deficit

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Taxing & spending to slow the economy is referred to as 

budget surplus 
monetary policy
contractionary policy
budget deficit

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The federal government's overall approach to spending and taxes is called

Physical Policy
Fiscal Policy
Money
Monetary Policy

6.

MULTIPLE CHOICE QUESTION

2 mins • 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.

7.

MULTIPLE CHOICE QUESTION

2 mins • 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.

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