!st 9 weeks test

!st 9 weeks test

12th Grade

34 Qs

quiz-placeholder

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 !st 9 weeks test

!st 9 weeks test

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Frank Tucker

Used 11+ times

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34 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Who is in charge of Monetary Policy

The Government

The Federal Reserve System

The states

The Department of the Treasury

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

During a recession, the Fed should use...

Lower interest rates

Raise interst rates

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The federal government is attempting to encourage spending by consume rs and businesses, a fiscal policy BEST serving this purpose would be

decreasing taxes
decreasing government spending
reducing the investment tax credit
balancing the budget

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are two main monetary tools the government has?

government spending and reserve requirement

taxes and government spending

buy/selling bonds and discount rate

discount rate and taxes

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three economic goals of policy makers?

Economic growth, low unemployment, and stable prices

High inflation, high interest rates, and high taxes

Government control, income inequality, and international trade

Consumer spending, business investment, and government spending

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Gross Domestic Product (GDP)?

The value of all final goods and services produced within a country's border in a specific period of time

The total amount of money in circulation within a country

The total value of a country's exports minus imports

The amount of money earned by the government through taxes

7.

DRAG AND DROP QUESTION

1 min • 1 pt

What is frictional unemployment?

(a)  

Temporary unemployment or being between jobs

Unemployment due to lack of demand for a specific type of labor

Unemployment caused by a recession

Unemployment caused by technological advancements

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