Fiscal and Monetary Policy Concepts

Fiscal and Monetary Policy Concepts

Assessment

Interactive Video

Business

10th - 12th Grade

Practice Problem

Hard

Created by

Patricia Brown

FREE Resource

The video explores macro and microeconomic views, focusing on how the government influences the economy through monetary and fiscal policies. It explains the role of central banks like the Federal Reserve in managing the money supply and interest rates. The video also covers fiscal policy, highlighting Congress's role in taxation and government spending. Finally, it discusses the implications of budget deficits and national debt.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary role of the government during economic downturns?

To focus on international trade

To increase taxes

To implement policies to stabilize the economy

To reduce the money supply

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main function of a central bank like the Federal Reserve?

To print money

To regulate the money supply and set interest rates

To control government spending

To manage international trade agreements

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the Federal Reserve stimulate the economy?

By reducing government spending

By increasing taxes

By lowering short-term interest rates

By increasing the money supply

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential consequence of increasing the money supply?

Increased unemployment

Decreased GDP

Increased inflation

Decreased inflation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is fiscal policy primarily concerned with?

Managing international trade

Regulating the money supply

Taxation and government spending

Setting interest rates

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can the government stimulate the economy through fiscal policy?

By increasing taxes

By reducing government spending

By lowering taxes and increasing spending

By increasing interest rates

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget deficit?

When government spending equals revenue

When the national debt is paid off

When government spending exceeds revenue

When government revenue exceeds spending

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