Unit 2: Government and the Economy

Unit 2: Government and the Economy

12th Grade

β€’

42 Qs

quiz-placeholder

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Unit 2: Government and the Economy

Unit 2: Government and the Economy

Assessment

Quiz

β€’

Social Studies

β€’

12th Grade

β€’

Easy

Created by

Gabriel Beverly

Used 2+ times

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42 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec β€’ 5 pts

Who is responsible for making fiscal policy decision? 

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

The Department of Commerce

2.

MULTIPLE CHOICE QUESTION

30 sec β€’ 5 pts

The federal government's overall approach to spending and taxes is called

Physical Policy

Fiscal Policy

The Federal Reserve

Monetary Policy

3.

MULTIPLE CHOICE QUESTION

30 sec β€’ 5 pts

What can the government do to slow the economy in order to reduce inflation?

lower taxes

raise taxes

spend more

4.

MULTIPLE CHOICE QUESTION

30 sec β€’ 5 pts

To help the economy grow, the government can

increase spending

decrease spending

lower the minimum wage

raise taxes

5.

MULTIPLE CHOICE QUESTION

30 sec β€’ 5 pts

The action by the FED to adjust the size of the money supply, and to adjust interest rates in order to keep prices down and employment high.

fiscal policy

monetary policy

6.

MULTIPLE CHOICE QUESTION

30 sec β€’ 5 pts

In order to help the economy grow, the FED may____________the reserve requirement, allowing banks to loan more people money so that they spend more

lower

raise

spend more

save more

7.

MULTIPLE CHOICE QUESTION

30 sec β€’ 5 pts

In order to slow the economy, the FED may____________ the reserve requirements and there will be less money to loan out to people.

increase

decrease

spend more

tax more

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