(6.1) Fiscal Policy

(6.1) Fiscal Policy

10th Grade

8 Qs

quiz-placeholder

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(6.1) Fiscal Policy

(6.1) Fiscal Policy

Assessment

Quiz

Financial Education

10th Grade

Hard

Created by

Amanda Boor

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does fiscal policy refer to?

The federal government's use of spending and taxes to stabilize the economy

The federal government's use of monetary policy to control inflation

The federal government's regulation of trade and tariffs

The federal government's management of foreign relations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of fiscal policy?

To increase exports

To stabilize the economy

To reduce government size

To promote technological innovation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are automatic stabilizers?

Decisions made by Congress

Built into the economy and work automatically

Require active decision-making

Only function during expansions

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens to income and spending during expansions?

They decrease

They remain constant

They increase, which can lead to inflation

They are unaffected by economic conditions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a result of automatic stabilizers during recessions?

Increase in taxes

Decrease in government spending

Increase in government spending

No change in economic policy

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the effect of a progressive income tax system on spending during a recession?

Spending decreases

Spending increases

Spending remains the same

Spending is eliminated

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is required for discretionary fiscal policy to take effect?

Immediate response to economic changes.

Agreement on actions and implementation.

Automatic adjustment to the economy.

No action is needed.

8.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

If and economy experiences a dramatic rise in prices, which fiscal policy action could be taken?
Selling securities on the open market
Raising interest rates
Reducing government spending
Raising reserve requirements