
Econ Unit 3 Key Terms
Authored by Rachel Hammond
Social Studies
12th Grade
Used 25+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government spending that is required by existing laws to spend on certain programs.
Revenue
Discretionary spending
Mandatory spending
Fiscal policy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the government spends more money than it takes in during a budget cycle.
When the government spends more money than it takes in during a budget cycle.
Budget deficit
Revenue
Discount rate
Federal funds rate
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A form of demand-side economics that encourages government action to increase or decrease demand and output
A form of demand-side economics that encourages government action to increase or decrease demand and output
Fiscal policy
Keynesian economics
Monetary policy
Supply-side economics
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The buying and selling of government securities to alter the supply of money.
The buying and selling of government securities to alter the supply of money.
Open market operations
Monetary policy
Expansionary policies
Contractionary policies
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government spending determined by the President and Congress each year in the budget and appropriations process.
Government spending determined by the President and Congress each year in the budget and appropriations process.
Revenue
Discretionary spending
Mandatory spending
Fiscal policy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rate that the Federal Reserve charges for loans to commercial banks.
Rate that the Federal Reserve charges for loans to commercial banks.
Federal funds rate
Required reserve ratio
Revenue
Discount rate
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fiscal policies intended to decrease output and reduce economic growth.
Fiscal policies intended to decrease output and reduce economic growth.
Monetary policy
Expansionary policies
Open market operations
Contractionary policies
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