CIVICS Unit 3 Mid-Unit Assessment

Expansionary fiscal policy involves which of the following?

• Decrease in taxes only

• Increase in government spending only

• Increase in government spending & decrease in taxes

• Decrease in both government spending and taxes

Discretionary spending is which of the following?

• when funds are used toward programs and policies that have no legally required amount of money designated towards them.

• based on the discretion of the President

• mandatory in certain situations

• when the president solely makes the decisions

Which key economic indicator is targeted by monetary policy?

• Unemployment Rates

• Consumer Expectations

• Global Demand

• Inflation/CPI/Price Levels

How many branches of the Federal Reserve System exist?

• 12

• 15

• 19

• 50

Open market operations consist of the buying or selling of which of the following?

• Treasury Bonds

• Stocks

• International Goods

• Political Donations

Which of the following was NOT a domestic policy of Teddy Roosevelt?

• Conservation efforts

• Anti-trust regulations

• Creation of the Panama Canal

• None of these

Which of the following was a Domestic Policy of Theodore Roosevelt?

• Treaty with the United Kingdom

• Anti-trust regulations

• Creation of the Panama Canal

• Invasion of Cuba

Which economic measurements did you have to manage as Chairman/woman of the Fed?

• Unemployment Rate

• Interest Rates

• Unemployment and Inflation Rates

• Federal Funds Rate and Unemployment Rate

Who leads the Federal Reserve?

• The President of the US

• The Chairman/woman

• The oldest Senator in Congress

• The Board of Governors

Who appoints the Federal Reserve Chairman/woman?

• The President of the US

• The Supreme Court

• The oldest Senator in Congress

• The Board of Governors