Fiscal and monetary policy

Front

When the federal government uses its spending and revenue to influence the economy

Back

Fiscal Policy

Front

Which of the following is NOT a goal of fiscal policy? Deficit Growth, Economic Growth, Full Employment, Stable Prices

Back

Deficit Growth

Front

Which of the following is NOT a feature of a contractionary fiscal policy? Decreasing taxes, Decreasing spending, Decreasing aggregate demand, Increasing taxes

Back

Decreasing taxes

Front

Which fiscal policy is the government likely to adopt during a contraction?

Back

Expansionary

Front

This amount is the sum of all money the government has borrowed

Back

National Debt

Front

Which of the following is NOT a way the Fed influences the money supply? Decreasing taxes, Changing the reserve ratio, Influencing interest rates, Buying or selling government securities

Back

Decreasing taxes

Front

Which entities are responsible for making fiscal policy decisions? Options: The President and Congress, The Federal Reserve System, The National Council of Economic Advisors, The Commerce Department

Back

The President and Congress

Front

The federal government's overall approach to spending and taxes is called

Back

Fiscal Policy

Front

Fiscal Policy is concerned with

Back

Government Spending and taxation

Front

Taxes that come out of your paycheck include which ones?

Back

Social Security and Medicare taxes