Review 4/04

Review 4/04

12th Grade

12 Qs

quiz-placeholder

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Review 4/04

Review 4/04

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Santina Olney

Used 4+ times

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12 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Who is responsible for fiscal policy?

The President

Congress

The Federal Reserve

The Supreme Court

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is responsible for monetary policy?

The Federal Reserve

Congress

The President

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If using Fiscal Policy, what actions can the Government use?

Raising or lowering taxes

Raising or lowering government spending

Both raising or lowering taxes and/or government spending

Changing the money supply to change interest rates

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If using monetary Policy, what actions can the Government use?

Raising or lowering taxes

Raising or lowering government spending

Both raising or lowering taxes and/or government spending

Changing the money supply to change interest rates

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are true about GDP (Gross Domestic Product)?

GDP is used to determine the overall growth rate of the economy as a whole

GDP is used to estimate the relative size of the economy

GDP is the total value of all the finished goods and services produced within a country's borders in a given year

All of these are true

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The percentage change in prices from year to year is the

Inflation rate

Unemployment Rate

GPD (Gross Domestic Product)

Fiscal Policy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The percentage of people in the labor force who want a job but are currently not working makes up the

inflation rate

unemployment rate

Gross Domestic Project (GDP)

Monetary Policy

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