Objective #12: The Fiscal Budget Process (MCQ Quizizz)

In February, federal agencies submit their projected budgets for the upcoming fiscal year. This step is part of the:

• Budget Resolution

• Budget Formulation

• Appropriations Process

• Omnibus Bills

By April 15, Congress agrees on a budget that sets the total expenditure level. This agreement is known as:

• Continuing Resolution

• Omnibus Bill

• Budget Resolution

• Appropriations Bill

Congress creates 12 appropriation bills to fund the government. These bills must be passed by:

• A) September 30

• B) April 15

• C) October 1

• D) February

If Congress fails to pass all 12 appropriation bills by September 30, they often resort to a:

• Budget Resolution

• Continuing Resolution

• Fiscal Policy

• Omnibus Bill

An omnibus bill encompasses unrelated provisions into a single bill to improve the chances of passage. This can lead to:

• Increased transparency

• Reduced accountability

• Better fiscal policy

• Successful budget resolutions

Progressives generally support which economic theory that advocates for increased government spending to stimulate demand?

• Supply Side Economics

• Fiscal Policy

• Keynesian Economics

• Monetarism

Conservatives typically favor which economic theory that emphasizes tax cuts for the wealthy to stimulate investment?

• Keynesian Economics

• Fiscal Policy

• Supply Side Economics

• Monetary Policy

A budget resolution is a legislative act that: A) Approves tax cuts for the wealthy B) Sets the limit for the overall budget C) Increases government spending D) Proposes a new tax

• Approves tax cuts for the wealthy

• Sets the limit for the overall budget

• Increases government spending

• Proposes a new tax

The last time Congress successfully passed all 12 appropriations bills was in:

• 1990

• 2001

• 1996

• 2010

From 2010 to 2020, Congress resorted to Continuing Resolutions how many times?

• 20

• 35

• 47

• 50