Exploring Fiscal vs. Monetary Policy

Exploring Fiscal vs. Monetary Policy

Assessment

Interactive Video

Social Studies

6th - 10th Grade

Practice Problem

Hard

Created by

Lucas Foster

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two main tools governments use to manage the economy?

Import and export regulations

Fiscal policy and monetary policy

Taxation and deregulation

Supply and demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of expansionary fiscal policy?

To decrease the money supply

To increase economic output and reduce unemployment

To reduce government spending

To increase interest rates

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does contractionary fiscal policy aim to combat?

Deflation

Inflation

Unemployment

Government spending

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who was a major proponent of supply-side economics?

John Maynard Keynes

Milton Friedman

Lyndon Johnson

Ronald Reagan

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is deficit spending?

Spending less than the revenue

The total amount of money the government has

Reducing taxes to increase spending

Spending more money than is coming in as revenue

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do banks contribute to the money supply according to the video?

By lending out deposits

By increasing taxes

By setting fiscal policies

By printing more money

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the effect of high interest rates on borrowing?

It increases borrowing

It only affects government borrowing

It decreases borrowing

It has no effect on borrowing

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