Econs 15 July Chapter 12: Fiscal Policy Quiz

Econs 15 July Chapter 12: Fiscal Policy Quiz

12th Grade

10 Qs

quiz-placeholder

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Econs 15 July Chapter 12: Fiscal Policy Quiz

Econs 15 July Chapter 12: Fiscal Policy Quiz

Assessment

Quiz

Business

12th Grade

Easy

Created by

SBAMP SBAMP

Used 1+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main source of government revenue?

Investment income

Repayment of government loans

Taxes collected

Sales of goods

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a budget surplus indicate?

Government spending equals revenue

Government spending exceeds revenue

Government is in debt

Government revenue exceeds spending

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When does a contractionary fiscal policy get implemented?

When output increases

During a recession

When AD decreases

During inflationary situation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is happens to the policy if there is a Crowding-out effect in place?

Has no effect on the economy

Reduces the impact of fiscal policy

Increases the impact of fiscal policy

Stabilizes the economy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of automatic stabilizers in the economy?

Increase fluctuations in AD

Reduce fluctuations in AD

Cause inflation

Lead to unemployment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Unemployment Compensation work during a recession?

Leads to inflation

Help increase spending a little more

Has no effect on the economy

Decreases spending

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the impact of Progressive Income Tax during economic expansion?

Increases taxes paid

Reduces taxes paid

Leads to recession

No impact on taxes

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