ECON Fiscal Policy

Front

Fiscal Policy is controlled by the Federal Government.

Back

True

Front

Fiscal Policy is proposed by the House of Representatives and Senate then approved by the President.

Back

False

Front

Fiscal Policy is quick to implement because their is no debate and no need to vote.

Back

False

Front

"Gas Pedal" is used when the Federal Government needs to speed up the economy.

Back

True

Front

Contractionary fiscal policy "brake pedal" is used when there is unemployment or a downturn in the economy.

Back

False

Front

The two tools of fiscal policy are taxes and government spending.

Back

True

Front

Government Spending is the money the government receives from tariffs and taxes.

Back

False

Front

When taxes are decreased people have less money in their wallet and they will buy less.

Back

False

Front

Government can slow ("brake pedal") down the economy by increasing taxes.

Back

True

Front

When the government decreases spending, it cuts funding for some government programs.

Back

True