Fiscal Policy Study Guide

Fiscal Policy Study Guide

Assessment

Flashcard

Other

12th Grade

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

10 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What are the two ways the government can stabilize the economy?

Back

Fiscal policy and monetary policy

2.

FLASHCARD QUESTION

Front

What is the main tool(s) used in fiscal policy to influence the economy?

Back

Government spending and taxation

3.

FLASHCARD QUESTION

Front

What is the main reason for a government to implement expansionary policy?

Back

To increase GDP and reduce unemployment

4.

FLASHCARD QUESTION

Front

What is an effect of contractionary fiscal policy?

Back

Decrease government spending

5.

FLASHCARD QUESTION

Front

What is fiscal policy?

Back

Actions by Congress to stabilize the economy

6.

FLASHCARD QUESTION

Front

Which lag time deals with Congress reacting to economic indicators before it's too late?

Back

Recognition

7.

FLASHCARD QUESTION

Front

A budget surplus occurs when: Government spending is less than revenue

Back

Government spending is less than revenue

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?