Fiscal Policy 2

Front

Which of the following are responsible for making fiscal policy decisions? The President and Congress, The Federal Reserve System, The National Council of Economic Advisors, The Commerce Department

Back

The President and Congress

Front

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

Back

Fiscal Policy

Front

Fiscal Policy is concerned with

Back

Government Spending and taxation

Front

Taxes that come out of your paycheck include which ones?

Back

Social Security and Medicare taxes

Front

What does the FOMC implement?

Back

Monetary policy

Front

What type of policy is being discussed in the context of lawmakers agreeing to increase funding for domestic and defense spending?

Back

Fiscal policy

Front

What type of policy is the U.S. Federal Reserve using to hike interest rates to the highest level in a decade: 1.5 to 1.75 percent? Options: Fiscal policy, Monetary policy

Back

Monetary policy

Front

Taxing & spending to help the economy grow is referred to as

Back

expansionary policy

Front

Taxing & spending to slow the economy is referred to as

Back

contractionary policy

Front

An example of expansionary fiscal policy would be: cutting taxes., cutting government spending., cutting production of consumer goods., cutting prices of consumer goods.

Back

cutting taxes.