Monetary and Fiscal Policy
Authored by John Robinson
Social Studies
11th Grade
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
According to Keynesian Economics, which of the choices below is correct to help the economy expand during a contraction?
Decrease taxes, increase government spending
Increase taxes, decrease government spending
2.
MULTIPLE SELECT QUESTION
1 min • 5 pts
Which of the following would stimulate the economy?
Decrease taxes
Raise taxes
Government spends more on Science research
Government cuts organizations like the National Science Foundation
3.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Monetary policy decisions are made by:
Congress
Senate
The Fed
President
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Monetary policy refers to what?
How government regulates the amount of money in circulation
The federal government’s overall approach to spending, borrowing, and taxation.
A general, sustained upward movement of prices for goods and services in an economy.
The upper limit set on the amount of money the government may borrow to meet its existing legal obligations.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
America's central bank is known as what?
Congress
Federal Reserves
White House
Bank of America
6.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
The current Chair of the Federal Reserve is
Janet Yellen
Ben Bernanke
Jerome Powell
Alan Greenspan
7.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
The Federal Reserve is an independent central bank.
True
False
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