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Economic/Fiscal Policy

Authored by Dequane Clemons

Social Studies

9th - 12th Grade

Used 2+ times

Economic/Fiscal Policy
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Physical Policy

Fiscal Policy

The Federal Reserve

Monetary Policy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The manipulation of the money supply in order to influence the cost and the availability of credit is 

Banking Policy

Fiscal Policy

Monetary Policy

Spending Policy

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the government raises taxes, what does it take out of circulation?

Money

Credit

People

Jobs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are things in budget called that can't be cut?

Reserves

Inflation

Discretionary Spending

Mandatory spending

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

America's central bank is known as what?

Congress

Federal Reserves

White House

Bank of America

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is GDP?

Get Duties Prior

Gross Domestic Product

Gross Department Power

Gross Duties Peer

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The U.S. economy is currently in a contraction and the Federal Reserve wants to increase the money supply. Which type of monetary policy would be correct?

Loose/Expansionary monetary policy

Tight/contractionary monetary poicy

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