Fiscal vs Monetary Policy

Fiscal vs Monetary Policy

9th - 12th Grade

15 Qs

quiz-placeholder

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Fiscal vs Monetary Policy

Fiscal vs Monetary Policy

Assessment

Quiz

Social Studies

9th - 12th Grade

Hard

Created by

Patricia White

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following is responsible for monetary policy?

the Federal Bureau of Investigation

the Federal Reserve

Congress & the President

the US Government

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following statements is true?

Contractionary monetary policy would increase government revenue & slow down the economy.

Contractionary fiscal policy would decrease the reserve requirement & slow down the economy.

Contractionary fiscal policy would lead to a decrease in national debt.

Contractionary monetary policy leads to a budget deficit.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which fiscal policy tool would be used if the economy were in a trough?

decrease reserve requirement

increase individual tax rate

sell bonds through open market operations

increase government spending

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following fiscal policy tools would decrease the national debt?

increase income taxes

decrease income taxes

increase money supply

decrease money supply

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Media Image

Which of the following are fiscal policy tools (select more than one)?

adjusting the reserve requirement

adjusting the discount rate

changing government spending

changing income taxes

buying/selling bonds via open market operations

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which monetary policy tool would speed up the economy?

increasing reserve requirement

decreasing income taxes

increasing government spending

decreasing interest paid on reserves

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which combination of fiscal and monetary policy would speed up the economy?

increase taxes; decrease reserve requirement

decrease taxes; decrease discount rate

increase spending; increase interest on reserves

decrease spending; sell bonds via open market operations

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