Economics 2

Quiz
•
Social Studies
•
12th Grade
•
Easy
Danielle Sing
Used 4+ times
FREE Resource
27 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The distribution of personal income in a pure market economy is based on
income tax rates
The amount of property owned
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is an expansionary fiscal policy action?
Increasing government spending
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following are in the M1 measure of the money supply?
Currency in circulation, demand deposits, and other liquid assets
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Firms in imperfectly competitive markets engage in advertising to
differentiate their products and increase demand
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following actions by the Federal Reserve Bank will decrease the federal funds rate?
Purchasing bonds on the open market
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The commercial banking system creates money when
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following illustrates the short-run impacts of an increase in government purchases on the price level and real output?
The aggregate demand curve shifts to the right, increasing the price level and real output.
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