What is the goal of expansionary fiscal policy?

Fiscal and Monetary Policy Quiz

Quiz
•
Business
•
12th Grade
•
Medium

THOMAS PICKERILL
Used 1+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Increase taxes and reduce consumer spending
Stimulate economic growth and increase aggregate demand
Reduce government spending and decrease aggregate demand
Slow down economic growth and decrease aggregate demand
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of contractionary fiscal policy?
Decreasing taxes
Increasing government spending
Lowering interest rates
Increasing taxes
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary tool used by the Federal Reserve for open market operations?
Cryptocurrency
Government securities
Real estate
Credit cards
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the discount rate refer to in monetary policy?
The discount rate refers to the tax rate on consumer goods
The discount rate refers to the price reduction on government bonds
The discount rate refers to the exchange rate between different currencies
Interest rate at which the Federal Reserve lends to commercial banks
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the reserve requirement in monetary policy?
To limit the amount of interest banks can charge on loans
To encourage banks to invest in risky assets
To ensure that banks have enough cash on hand for daily operations
To control the amount of money banks can lend out and to influence the money supply in the economy.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a tool of expansionary fiscal policy?
Increase in government spending
Decrease in government spending
Increase in taxes
Reduction in public investment
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main goal of contractionary fiscal policy?
Increase inflation and speed up economic growth
Stabilize prices and encourage economic expansion
Reduce inflation and slow down economic growth
Promote unemployment and reduce government spending
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