Chapter 14 Macro
Authored by Garrick Shelton
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1.
OPEN ENDED QUESTION
30 sec • 1 pt
The use of money and credit controls to achieve macroeconomic goals is
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Answer explanation
Monetary policy.
2.
OPEN ENDED QUESTION
30 sec • 1 pt
Monetary policy involves the use of money and credit controls to
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Answer explanation
Shift the aggregate demand curve.
3.
OPEN ENDED QUESTION
30 sec • 1 pt
The primary method for controlling the money supply in the United States is to limit the
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Volume of loans the banking system can make.
4.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
The government uses (a) to regulate the amount of money banks lend
5.
OPEN ENDED QUESTION
30 sec • 1 pt
All of the following would be true for the banking system if there was no government regulation except
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The banking system would be regulated by consumers.
6.
OPEN ENDED QUESTION
30 sec • 1 pt
The creation of a Federal Reserve System was recommended by
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The National Monetary Commission.
7.
OPEN ENDED QUESTION
30 sec • 1 pt
The Federal Reserve System was created by
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Answer explanation
The Federal Reserve Act in 1913.
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