Fiscal/ monetary policy

Fiscal/ monetary policy

12th Grade

35 Qs

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Fiscal/ monetary policy

Fiscal/ monetary policy

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Denise Vosika

Used 1+ times

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35 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Actions by Congress to stabilize the economy.

Fiscal Policy

Monetary Policy

Taxing Policy

Inflation Policy

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Actions by the Federal Reserve Bank to stabilize the economy

Fiscal Policy

Monetary Policy

Taxing Policy

Inflation Policy

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following are responsible for making fiscal policy decision? 

The President and Congress
The Federal Reserve System
The National Council of Economic Advisors
The commerce Department

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Taxing & spending to help the economy grow is referred to as

expansionary policy
monetary policy
contractionary policy
budget deficit

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Taxing & spending to slow the economy is referred to as 

budget surplus 
monetary policy
contractionary policy
budget deficit

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An example of expansionary fiscal policy would be

cutting taxes.
cutting government spending.
cutting production of consumer goods.
cutting prices of consumer goods.

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If the unemployment rate is rising and GDP is falling, the fiscal policy action that the federal government should MOST likely follow is 

decreasing taxes.
decreasing spending.
decreasing the money supply.
decreasing the reserve requirement.

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