What is the primary role of the executive branch in the U.S. budget process?

Economic Concepts and Policies Assessment

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Business
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9th - 12th Grade
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Hard

Sophia Harris
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To draft the initial budget request
To approve the final budget
To allocate funds to different states
To collect taxes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between a deficit and the national debt?
Deficit is the amount borrowed from foreign investors, while national debt is borrowed domestically
Deficit is the yearly shortfall, while national debt is the total debt
Deficit is the amount spent on military, while national debt is spent on social programs
Deficit is the total debt, while national debt is the yearly shortfall
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who primarily holds U.S. debt?
International Monetary Fund
Private banks
American people through treasury securities
Foreign governments
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Federal Reserve's role in economic crises?
To manage international trade
To cut government spending
To print new money and adjust interest rates
To increase taxes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What economic theory supports government spending to boost the economy during a recession?
Keynesian economics
Austerity
Monetarism
Supply-side economics
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main criticism of austerity measures?
They cause trade deficits
They lead to hyperinflation
They decrease economic activity and tax revenue
They increase government debt
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the impact of the Recovery Act of 2008?
It led to a new recession
It helped reverse the great recession
It caused hyperinflation
It increased unemployment
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