US and VA Government: Economics

US and VA Government: Economics

9th - 12th Grade

13 Qs

quiz-placeholder

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US and VA Government: Economics

US and VA Government: Economics

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Ronald Virts

Used 1+ times

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How does the government know what is happening to prices in the USA?

the CPI

GDP

unemployment rates

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the Federal Reserve Bank control?

The US Government budget

the supply of money in the US

Taxes in the US

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If the economy is not growing, the Federal Reserve will -

lower interest rates

keep interest rates the same

increase interest rates

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Who controls Fiscal Policy?

the federal reserve

Congress and the President

The Supreme Court

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The total value of goods and services produced in a society is the GDP.

true

false

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The unemployment rates measures -

the number of people that get assistance from the goverment

the number of people living in the US

the number of people that cannot find work

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Inflation means that prices are going down.

true

false

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