Search Header Logo

Fiscal Policy

Authored by Amanda Vaughan

History

12th Grade

Fiscal Policy
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of fiscal policy?

To manipulate the stock market

To correct fluctuations in the economy

To fund unnecessary government projects

To increase government officials' power

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term is used to describe when actual output is below potential GDP?

Inflationary gap

Recessionary gap

Economic boom

Fiscal cliff

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does expansionary fiscal policy involve?

Increasing interest rates

Privatizing government assets

Reducing taxes and increasing government spending

Increasing taxes and reducing government spending

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who famously said 'Read my lips, no new taxes'?

Barack Obama

Ronald Reagan

Bill Clinton

George H. W. Bush

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Keynes, what can government spending do during a recession?

Make up for a decrease in consumer spending

Decrease overall output

Increase private savings

Lead to immediate inflation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key argument against deficit spending?

It leads to increased consumer spending

It decreases national debt

It causes crowding out

It reduces interest rates

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a major consequence of austerity policies in Europe compared to stimulus in the US?

Higher GDP growth in Europe

Lower unemployment rates in Europe

Higher unemployment rates in Europe

Increased government spending in Europe

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?