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Business Cycle and Economic Policy

Authored by Osiah Carbonneau

History

9th - 12th Grade

Used 9+ times

Business Cycle and Economic Policy
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35 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

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Liberalization implies

reduction in government's control over economy

encouragement to public sector

nationalisation

none of these

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

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laissez- faire policy is that in which

there is no intervention by the government in the functioning of an economy

there is intervention by the state in the functioning of an economy

there is no intervention by the state in the functioning of an economy

none of these

3.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

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

Physical Policy

Fiscal Policy

Government Policy

Monetary Policy

4.

MULTIPLE SELECT QUESTION

5 mins • 5 pts

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What are the tools of fiscal policy the government uses...(choose 2)

government spending

taxes/transfers

inflation

interest rates

5.

MATCH QUESTION

5 mins • 5 pts

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Match the following

Fiscal Policy (effect)

Fast because action takes place immediately

Monetary Policy (effect)

Relatively small because there is a limit to the amount interest rates can be cut

Fiscal Policy (time)

Slow because it takes time to decide on and implement

Monetary Policy (time)

Large because the relief can be measured in trillions of dollars

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

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What term is used to describe an increase in the general price level?

Deflation

Monetary policy

Stagnation

Inflation

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

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"The Fed" refers to the....

Federal Bureau of Investigation

Federal Government

Federal Reserve System

Federal Income Tax

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