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WorksheetsUnemployment and Fiscal Policy Concepts
Total questions: 37
Worksheet time: 19mins
A Ski Instructor does not have a job in July. What type of Unemployment is this?
C+G+I+(X-M) calculates what?
What does the G stand for in C+G+I+(X-M)?
Who carries out Fiscal Policy?
Federal Reserve Bank
The Federal Government
The Congress
The President
When you compare prices for two pairs of shoes on line you are using money as a
unit of account
Store of Value
Unemployment due to people looking for better jobs
This is money that has value because the government says it does.
This person is the Chairman of the Federal Reserve.
How many districts are there in the Federal Reserve System?
In C+G+I+(X-M) what does the (X-M) represent?
What is the lowest part of the buisness cycle?
What is monetary policy?
What happens to old currency when it is worn out?
It is burned
It is shredded
It is recycled
it is given away in poor countries
Where is the nearest Federal Reserve Bank?
Boston
New Orleans
Atlanta
Memphis
What is considered Full Employment in the United States?
Which of these people would NOT be part of the labor force?
What is the highest part of the business cycle?
Which institution is responsible for the control in the Money supply in the United States?
Which statement is NOT true about the Federal Reserve?
It is both public and private
It is charged with setting Fiscal Policy
There is a Board of Governors
There are 12 District Banks around the U.S.
Sum of the employed and the unemployed
Employed
Unemployment
Labor Force
What measure shows how well the economy is doing over time?
Gross Domestic Product
Unemployment Rate
Inflation Rate
Money that is backed by gold of silver is this type of money.
Representative money
What does the I in C+G+I+(X-M) stand for?
Who makes the day to day decisions for the Federal Reserve Bank?
If you lost your job due to a recession you are this type of unemployed.
What does GDP mesure?
What does the Consumer Price Index (CPI) measure?
This is the amount that banks are required to keep on hand and cannot loan out
If the federal government gives tax breaks to electric vehicle manufacturers and increases taxes on fossil fuel vehicles, to promote clean energy, this will affect taxing and spending. What kind of economic policy deals with taxing and spending?
monetary policy
social policy
fiscal policy
Monetary policy refers to what?
The federal government’s overall approach to spending, borrowing, and taxation.
How government regulates the amount of money in circulation
A general, sustained upward movement of prices for goods and services in an economy.
The upper limit set on the amount of money the government may borrow to meet its existing legal obligations.
To help the economy grow, the government can
Increase taxes
Increase spending
Decrease spending
Increase interest rates
Which of the following are fiscal policy tools (select 2)?
adjusting the reserve requirement
adjusting the discount rate
changing government spending
changing income taxes
buying/selling bonds via open market operations
An action that the government might take when implementing expansionary fiscal policy would be:
raising interest rates
reducing government spending
lowering taxes
decreasing the money supply
decreasing transfer payments
