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Week 11 - Fiscal and Monetary Policy

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

The federal government's overall approach to spending and taxes is called

a)

Physical Policy

b)

Fiscal Policy

c)

вежба

d)

Monetary Policy

2.
Fiscal Policy is concerned with
a)
Government Spending and taxation
b)
Consumer spending and productivity
c)
Government spending and the money supply
d)
Taxation and inflation
3.

Fiscal Policy is the

a)

use of taxing and interest rates to influence the economy

b)

use of money supply and interest rates to influence the economy

c)

use of taxing and govt. spending to influence the economy

d)

use of govt. spending and money supply to influence the economy

4.

Contractionary Fiscal Policy involves

a)

increase the money supply and increase interest rates

b)

increasing govt. spending and decrease taxes

c)

decrease interest rates decrease money supply

d)

decrease govt. spending and increase taxes

5.

Increase in the national debt would be caused by

a)

increasing govt. spending and increase taxes

b)

increasing govt. spending and decrease taxes

c)

decreasing govt. spending and increase taxes

d)

increase interest rates and decrease the money supply

6.

Inflation is caused by

a)

increase in prices in the economy

b)

to little money in the economy

c)

greater demand than supply

d)

greater supply than demand

7.

During a period of recession the best action would be

a)

increase the money supply and lower interest rates

b)

decrease govt. spending and decrease taxes

c)

decrease the money supply and increase govt. spending

d)

increase interest rates and decrease the money supply

8.

What can the government do to slow the economy down?

a)

lower taxes

b)

raise taxes

c)

spend more

d)

spend less

9.

to help the economy grow, the government can

a)

increase spending

b)

decrease spending

c)

lower taxes

d)

raise taxes

10.

to slow the economy down the government can.....

a)

spend more

b)

spend less

c)

tax more

d)

tax less