Fiscal Policy

Fiscal Policy

12th Grade

15 Qs

quiz-placeholder

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Fiscal Policy

Fiscal Policy

Assessment

Quiz

Other

12th Grade

Medium

Created by

Charlie Howard

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does fiscal policy involve?

The government changing levels of taxation and government spending

Central banks changing interest rates

Businesses adjusting their investment strategies

Consumers changing their saving and spending habits

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula for aggregate demand (AD)?

AD = C + I + G - X + M

AD = C + I - G + X - M

AD = C - I + G + X + M

AD = C + I + G + X - M

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one purpose of fiscal policy?

To reduce the money supply in the economy

To increase the national debt

To eliminate government spending

To stimulate economic growth in a recession

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does expansionary fiscal policy involve?

Decreasing AD by decreasing spending and increasing taxes

Increasing AD by decreasing spending and increasing taxes

Decreasing AD by increasing spending and cutting taxes

Increasing AD by increasing spending and cutting taxes

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the UK government's target for inflation?

1%

2%

5%

3%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a primary budget deficit?

The total amount of money a government has in its reserves

The surplus of tax receipts over government spending

The total amount of money a country owes to its creditors

A measure of government spending minus tax receipts, ignoring interest payments

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the multiplier effect describe?

The impact of inflation on consumer spending

The effect of interest rates on investment

When an increase in withdrawals causes a decrease in Real GDP

When an increase in injections causes a bigger final increase in Real GDP

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