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Fiscal Policy in Government & the Economy Lesson Plans Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. The government's restriction and control over business practices is called _____.

Question 2 2. Which of the following was a component of post-Cold War foreign policy?

Question 3 3. What economic ideology calls for all property, resources, and productions being publicly or state owned?

Question 4 4. All of the following are ways that the Federal Reserve can affect the money supply except _____.

Question 5 5. Which of the following was NOT a U.S. foreign policy during the Cold War?

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Question 6 6. Which of the following is an example of an equity goal?

Question 7 7. What is a government MOST likely to do to protect the interests of agricultural businesses?

Question 8 8. How would the Federal Reserve implement an expansionary monetary policy?

Question 9 9. In general, which of the following is NOT correct concerning how politics and regulation intersect?

Question 10 10. Which of the following should the government use when it wants to increase demand for goods?

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Question 11 11. The method of affecting the money supply that is used the least by the Fed is

Question 12 12. Which of these is NOT a pure example of the market economy?

Question 13 13. For three quarters in a row, economic growth increased by 3%, 5% and 7%. As it was close to the election, the government did not try to stabilize the growth. In the last quarter of the year, the economy drastically fell by 5%. Which of the following best describes such an occurrence?

Question 14 14. Overregulation is usually a result of the government wishing to promote _____.

Question 15 15. What type of economic system is one in which economic decisions, such as the production and pricing of goods, are based on supply and demand?

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Question 16 16. You are an adviser to the Federal Reserve. Select which of the following is a goal that monetary policy should NOT strive towards nor have influence over?

Question 17 17. What happens to economic output as measured by GDP during a recession?

Question 18 18. Jane is a presidential adviser in the time of the 2008 Global Economic Crisis. The president is asking her if he should use fiscal policy in an attempt to combat the effects of the crisis. Why does she likely tell him yes?

Question 19 19. Which of the following is NOT a goal of the U.S. government that can be accomplished by fiscal policy?

Question 20 20. _____ reduce the amount of taxable income a business has to report.

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Question 21 21. A mixed economy is a mixture of:

Question 22 22. What happens to real GDP, prices and unemployment at the peak of a business cycle?

Question 23 23. All of the following are ways that the U.S. government promotes the economic interests of businesses, EXCEPT:

Question 24 24. The federal government's use of taxation and spending policies to affect overall business activity is called _____.

Question 25 25. What U.S. foreign policy was developed in response to the 9/11 terrorist attacks in the United States?

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Question 26 26. In which of the following scenarios would it be a good idea for the government to implement a deflationary fiscal policy?

Question 27 27. Sunshine Solar receives a $2,000 reduction on its federal taxes for each solar-energy installation it performs. This is an example of a _____.

Question 28 28. All of the following laws were meant to protect workers except

Question 29 29. Which of the following was an unnecessary foreign policy objective of the U.S. after the end of the Cold War?

Question 30 30. The Federal Reserve controls the growth rate of the money supply through _____.

Fiscal Policy in Government & the Economy Lesson Plans Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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