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Fiscal Policy Quiz Practice

Authored by Anh Vân

Social Studies

8th Grade

Used 1+ times

Fiscal Policy Quiz Practice
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is fiscal policy?

Government's use of money supply

Government's use of taxation and spending

Central bank's interest rate decisions

International trade policies

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a tool of fiscal policy?

Open market operations

Taxation

Discount rate

Reserve requirements

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of expansionary fiscal policy?

Reduce inflation

Decrease government spending

Stimulate economic growth

Increase taxes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following can be a result of contractionary fiscal policy?

Increased inflation

Higher unemployment

Economic growth

Increased consumer spending

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget deficit?

When government revenue exceeds spending

When government spending exceeds revenue

A balanced budget

A surplus in the budget

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a component of fiscal policy?

Government spending

Taxation

Money supply

Public debt

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term "automatic stabilizers" refer to?

Policies that require legislative action

Economic policies that automatically adjust to economic changes

Fixed government spending programs

Non-tax revenue sources

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