What does fiscal policy refer to?

(6.1) Fiscal Policy

Quiz
•
Financial Education
•
10th Grade
•
Hard
Amanda Boor
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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