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Social Studies

9th - 12th Grade

Used 3+ times

Fiscal Policy Review
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Central bank of the United States is called

The Federal Reserve

Bank of the United States

US Bank

Bank of America

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the Federal Reserve raises reserve requirements

Money Supply Increases

Money supply decreases

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a tool of the Federal Reserve

Setting Discount Rates

Increasing or Decreasing Taxes

Changing the Reserve Requirements in Banks

Buying and selling securities using open market operations

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The President and Congress have the role of passing _____ policy.

Fiscal

Monetary

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the President/Congress decrease taxes, this would

Increase consumers spending and real GDP

Decrease consumer spending and real GDP

Have no effect on consumer spending or real GDP

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The goal of contractionary fiscal or monetary policy is

To decrease unemployment and increase economic growth

To increase inflation

To decrease inflation

To increase unemployment and decrease economic growth

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

The two tools of Fiscal policy are (Select Two)

Open Market operations

Taxes

Government Spending

Discount Rates

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