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Content Statements 20, 21 Quiz

Authored by Steven Diedrick

Social Studies

11th Grade

Used 63+ times

Content Statements 20, 21 Quiz
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the effect when the Federal Reserve increases interest rates?

The cost of taking out loans increases
Consumers spend more in the economy
The government receives a large increase in tax revenue
Sudden inflation causes the price of goods and services to go up

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government has enacted a law requiring the installation of seat belts in new cars. What is the intended benefit of this type of increased government regulation?

to increase tax revenue
to promote economic growth
to reduce private-sector profits
to enhance consumer protections

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Federal Reserve purchases and sells government securities, adjusts the reserve requirement, and adjusts the discount rate to produce certain economic outcomes. What is one outcome the Federal Reserve might want to produce when purchasing government securities?

Increasing interest rates
reducing the money supply
fostering economic expansion
fostering economic contraction

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way the Federal Reserve System regulates economic activity

regulating tariff rates on foreign imports
regulating production of consumer goods
regulating the amount of money in circulation
regulating spending by the federal government

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the Federal Reserve's primary functions in the US economy?

collecting federal income taxes
applying import and export tariffs
maintaining stock market stability
regulating the nation's money supply

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might lawmakers increase taxes and decrease government spending?

To reduce unemployment
To increase government spending
To decrease the level of demand
To encourage corporate spending

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it difficult to for the federal government to make large tax cuts?

Most of the government's costs are for wages for federal employees
The largest part of government spending is fixed and cannot be easily reduced
Most people oppose cuts for programs like foreign aid or the state department, which make up the most government spending
A constitutional amendment has limited the size of any spending cuts that can be passed in congress during any one fiscal year

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