
Fiscal & Monetary Policy Test
Authored by THOMAS PICKERILL
Social Studies
12th Grade
Used 16+ times

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31 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following would most likely slow down the economy during a period of intense business activity & rapidly rising prices?
An increase in the money supply
An increase in government spending
A reduction in taxes
A reduction in the money supply
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Monetary policy differs from fiscal policy in that monetary policy is
More sensitive to political considerations
Under the control of the federal reserve system
More time-consuming to implement
Related to tax increases & decreases
3.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following is a fiscal tool for stabilizing the economy?
Raising or lowering reserve requirements
Open-market operations
Increasing or decreasing government spending
Changing the discount rate
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which policy would tend to stimulate (expand) the economy?
The FED buys securities in the open market
Congress increases tax rates
Congress reduces federal spending programs
The FED raises the reserve ratio
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which policy would tend to slow (contract) the economy?
The FED raises the discount rate
Congress raises the debt ceiling
Congress appropriates an additional $50billion for defense
The FED reduces the reserve ratio
6.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Fiscal Policy refers to the power of the federal government to?
Tax & spend
Print money
Control credit
Regulate interstate commerce
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following affects the amount of money in circulation (money supply)?
Changes in the discount rate
Open-market operations
Changes in the reserve requirement
All of the above
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