Econ - Unit 5 Review - Policy, Trade, Global Economy

Econ - Unit 5 Review - Policy, Trade, Global Economy

12th Grade

18 Qs

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Econ - Unit 5 Review - Policy, Trade, Global Economy

Econ - Unit 5 Review - Policy, Trade, Global Economy

Assessment

Quiz

History

12th Grade

Hard

Created by

Kelsey Paden

Used 1+ times

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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who controls fiscal policy?

Federal Government

Federal Reserve

IRS

World Trade Organization

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who controls monetary policy?

Federal Government

Federal Reserve

IRS

World Trade Organization

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The goal of monetary policy is to

sell bonds

reduce unemployment

  1. prevent inflationary and recessionary economic periods

increase tariffs on foreign countries

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a tool of fiscal policy?

Taxing

Spending

Interest Rates

All of the options are tools of fiscal policy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is true?

Contractionary monetary policy would increase government revenue & slow down the economy.

Contractionary fiscal policy would decrease the reserve requirement & slow down the economy.

Contractionary fiscal policy would lead to an increase in the national debt.

Contractionary monetary never works

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What body of the Federal Reserve oversees the purchase and sale of government securities/bonds?

Federal Open Market Committee

Advisory Council

Board of Governors

Federal Reserve Bank of Dallas

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An additional tax placed on imported goods.

Excise tax

Tariff

Quota

Inflation

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