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chương 3

Total questions: 22

Worksheet time: 11mins

Name
Class
Date
1.

Expansionary fiscal policy are policies ............by a government that often increases or decreases the money supply to make changes to the economy.

a)

enacted

b)

improved

c)

boosted

d)

proposed

2.

When the government runs a deficit, it meets some of its expenses by issuing.....

a)

Securities

b)

bonds

c)

shares

d)

notes

3.

Rising wages lead to inflation and asset ......... begin to form.

a)

Growth

b)

shrinking

c)

change

d)

bubbles

4.

The government wants to reduce unemployment, increase consumer demand, and avoid a ............

a)

Overheating

b)

inflation

c)

recession

d)

economic growth

5.

By using subsidies, transfer payments (including welfare programs), and income tax cuts, expansionary fiscal policy puts more money into consumers' hands to give them more.............

a)

purchasing power

b)

power

c)

income

d)

energy

6.

When the economy is overly active and inflation......., it may increase taxes or reduce spending.

a)

threat

b)

threaten

c)

threatens

d)

threating

7.

Rather than lowering taxes, the government may seek economic expansion by increasing ........(without corresponding tax increases).

a)

growth

b)

trade balance

c)

transfer payment

d)

spending

8.

When a balance between price and demand is......, then companies can expect to thrive and grow

a)

Equal

b)

met

c)

different

d)

mixed

9.

The purpose of contractionary fiscal policy is to ........growth to a healthy economic level.

a)

Improve

b)

realize

c)

increase

d)

slow

10.

Shrinking the money supply decreases............ It gives consumers less purchasing power.

a)

Demand

b)

quantity demanded

c)

supply

d)

quantity supplied

11.

To make up for the........., the government just issues new Treasury bills, notes, and bonds.

a)

Excess

b)

fund

c)

budget

d)

deficit

12.

President Bill Clinton required welfare recipients to work within two years of getting...................

a)

Salaries

b)

benefits

c)

money

d)

better

13.

As less capital is available for business, the economy contracts and also causes.........

a)

unemployment

b)

inflation

c)

balance of payments

d)

competition

14.

Businesses get easy access to ........and therefore invest in new projects and thus, GDP of the nation is increased.

a)

Development

b)

growth

c)

support

d)

credit

15.

During a recession, out-of-work individuals can receive ........through unemployment insurance.

a)

income assistance

b)

home support

c)

student grants

d)

Medicare

16.

In the 2019–20 Budget the Government set out a medium-term strategy to achieve budget......., on average, over the economic cycle and stated an intention to eliminate the Commonwealth’s net debt by 2029–30

a)

Surpluses

b)

balance

c)

expenditure

d)

constraint

17.

Some economists are concerned about potential inflationary effects driven by increased demand engendered by a fiscal.......

a)

stimulus

b)

matter

c)

policy

d)

effort

18.

In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure: chi tiêu công to ...........a country's economy.

a)

Raise

b)

increase

c)

intervene

d)

influence

19.

Fiscal policy can be distinguished from monetary policy, in that fiscal policy .........with taxation and government spending and is often administered by a government department.

a)

Deals

b)

faces

c)

copes

d)

interacts

20.

Fiscal policy involves the use of government spending and _____ to influence the economy.

a)

debt

b)

taxes

c)

borrowing

d)

reserves

21.

During a recession, governments often apply an expansionary fiscal policy by increasing _____.

a)

exports

b)

tax rates

c)

interest

d)

public spending

22.

A contractionary fiscal policy is used to reduce inflation by decreasing spending or increasing _____.

a)

tariffs

b)

loans

c)

taxes

d)

subsidies