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Fiscal Policy

Authored by Phateja Cogdell

Social Studies

9th - 12th Grade

Used 2+ times

Fiscal Policy
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13 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

What term is used to describe an increase in the general price level?

Deflation
Monetary policy
Stagnation
Inflation

2.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

Taxing & spending to help the economy grow is referred to as

expansionary policy
monetary policy
contractionary policy
budget deficit

3.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

Taxing & spending to slow the economy is referred to as 

budget surplus 
monetary policy
contractionary policy
budget deficit

4.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

An example of expansionary fiscal policy would be

cutting taxes.
cutting government spending.
cutting production of consumer goods.
cutting prices of consumer goods.

5.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

The use of taxes and government spending to affect the economy

Monetary Policy
Fiscal Policy
Contractionary Policy
Expansionary Policy

6.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

When we need to slow economic growth, we need

Expansionary Fiscal and Monetary Policy
Contractionary Fiscal and Monetary Policy

7.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

If and economy experiences a dramatic rise in prices, which fiscal policy action could be taken?

Selling securities on the open market
Raising interest rates
Reducing government spending
Raising reserve requirements

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