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12th Grade

5 Qs

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Assessment

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12th Grade

Practice Problem

Hard

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Anika Rehan

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is expansionary fiscal policy?

A policy that reduces taxes and increases government spending

A policy that increases taxes and reduces government spending

A policy that reduces taxes and reduces government spending

A policy that increases taxes and increases government spending

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the fiscal multiplier?

The ratio of change in national income arising from a change in government spending

The ratio of change in taxes arising from a change in national income

The ratio of change in national income arising from a change in taxes

The ratio of change in government spending arising from a change in national income

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is stagflation?

An economic condition characterized by rapid economic growth and increasing rate of inflation

An economic condition characterized by slow economic growth and decreasing rate of inflation

An economic condition characterized by rapid economic growth and decreasing rate of inflation

An economic condition characterized by slow economic growth and increasing rate of inflation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the impact of expansionary fiscal policy on Japan's government debt-to-GDP ratio?

It remained stable, hovering around 80% of the GDP

It decreased significantly, reaching below 50% of the GDP

It fluctuated, reaching a peak of 120% of the GDP

It rose exponentially, ultimately surpassing 100% of the GDP

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What was the impact of expansionary fiscal policy on Japan's unemployment in the long run?

It generally increased, rising from 4.8% in 1998 to 5.3% in 2002

It remained stable, hovering around 3% throughout the period

It decreased significantly, reaching below 3% by 2004

It fluctuated, reaching a peak of 6% in 2000

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