1102E - CHAPTER 8 - FISCAL POLICY

1102E - CHAPTER 8 - FISCAL POLICY

University

20 Qs

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1102E - CHAPTER 8 - FISCAL POLICY

1102E - CHAPTER 8 - FISCAL POLICY

Assessment

Quiz

Social Studies

University

Medium

Created by

Quang Nguyễn

Used 47+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If the government decreases Taxes and increases Government Spending (G), what type of policy is it?
It’s an Expansionary Fiscal policy
It’s an Expansionary Monetary policy
It’s a Contractionary Fiscal policy
It’s a Contractionary Monetary policy

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

______ is the use of government expenditures and taxes to promote full employment, stable prices, and economic growth.
Monetary policy
Stabilization policy
Incomes policy
Fiscal policy

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Bill's income is $1,000 and his net taxes are $350. His disposable income is:
$10,350
$750
$650
- $350

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The difference between what a government spends and what it collects in taxes in a year is:
personal income tax
the government budget deficit or surplus
the government debt
net revenue

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In 2020, the city of Canfield collected $500,000 in taxes and spent $450,000. In 2020, the city of Canfield had a
budget surplus of $450,000.
budget surplus of $50,000.
budget deficit of $50,000.
budget surplus of $5,000.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The aggregate consumption function is C = 100 + 0.6Yd. If income is $1,000 and net taxes are $300, consumption equals:
800
700
580
520

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If the government wants to increase employment, government purchases should be ________ and/or taxes should be ________.
increased; increased
increased; decreased
decreased; increased
decreased; decreased

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