WorksheetsUntitled Quiz
Total questions: 12
Worksheet time: 6mins
An example of a durable good is a?
Apple
Chocolate bar
Truck
Disposable camera
Deflation
Expansion
Inflation
Recession
Buying food for a birthday party
Opening a very small business
Performing one’s own home repairs
Selling stocks that have declined in value
Which of the following is a tool of monetary policy by the federal reserve
Sending stimulus checks to people
Government spending
Setting tax rates
Changing interest rates
New U.S manufactured Goodyear tire sold to the General Motors Corporation that is put on a new Chevy impala
C-Consumer Spending
I-Investment Spending
G-government spending
(X-M) net exports
Not counted towards gdp
In the United States economists estimate that full employment is an unemployment rate of about
4-6%
1-3%
7-9%
9-11%
The federal reserve increases interest rates on loans and mortgages
Expansionary Monetary Policy
Contractionary Monetary Policy
How does the federal reserve control the money supply through the reserve requirement?
By Requiring banks to hold a certain amount of money in reserves
By setting interest rates for loans
By regulating the stock market
By buying and selling government securities
What is Business Cycle in economics
The periodic rise and fall of stock market prices
The recurring pattern of economic growth and contraction in a country’s economy
The total amount of goods and services a household will buy at a price level
The natural cycle of seasons that affect agricultural production
During the pandemic, Congress approved three different stimulus packages that sent money to every adult in the US. What type of fiscal policy is this?
Expansionary fiscal policy
Contractionary fiscal policy
In 1982, President Reagan signed a bill increasing taxes in an attempt to slow inflation and reduce the deficit. What type of fiscal policy is this?
Expansionary Fiscal Policy
Contractionary Fiscal Policy
What is an example of Contractionary Monetary Policy?
Cutting taxes
Decreasing Interest Rates
Increasing the Required Reserve Rates
Increasing government spending
