Fiscal Policy Quiz

Fiscal Policy Quiz

10th - 12th Grade

13 Qs

quiz-placeholder

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Fiscal Policy Quiz

Fiscal Policy Quiz

Assessment

Quiz

Social Studies

10th - 12th Grade

Hard

Created by

Benjamin McQuade

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fiscal policy is:

The use of government spending and revenue collection to influence the economy

The use of monetary policy by the Fed to influence economy

When supply exceeds demand

When the Federal Reserve prints money

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which best describes "expansionary fiscal policy"?

Increasing government spending and lowering taxes

Decreasing government spending and increasing taxes

Increasing government spending and increasing taxes

Decreasing government spending and lowering taxes

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which best describes "contractionary fiscal policy"?

Increasing government spending and lowering taxes

Decreasing government spending and increasing taxes

Increasing government spending and increasing taxes

Decreasing government spending and lowering taxes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which fiscal policy would you want to use at point 3?

Expansionary

Contractionary

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

The two "tools" of Fiscal Policy are:

the power to tax

the power to spend

the power to borrow money

the power to print money

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During a contraction / recession, the Federal Government should use

an expansionary fiscal policy

a contractionary fiscal policy

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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