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Fiscal Policy and some general knowledge

Authored by Hollie Labunsky

Other

12th Grade

Used 3+ times

Fiscal Policy and some general knowledge
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33 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The policy involving changes to government spending and tax

monetary

supply side

fiscal

externality

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fiscal policy is mostly used to influence levels of....

supply

demand

trade

interest rates

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Fiscal policy is the use of government expenditure, ........ and government borrowing to affect income, spending, demand and inflation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A budget deficit means....

government get more revenue than spending

government get less revenue than they need to spend

revenue is equal to spending

imports are greater than exports

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A government budget surplus is when....

the government have no money to spend

spending is greater than tax revenue

tax revenue is greater than expenditure

we have more income than we earn

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

An increase in tax levels should lead to.... (choose all that apply)

increased spending

less disposable income

more imports being bought

reduced inflation

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

An increase in government spending can boost the economy because.....(choose all that apply)

jobs may be created

there will be cuts in wages for workers

public sector workers might earn more

taxes will fall

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