
Fiscal/Monetary Policy and Economic Health
Quiz by Rachel Murat
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13 questions
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- Q1Government policy that attempts to manage the economy by controlling taxing and spending.Fiscal Policy30s
- Q2Government policy that attempts to manage the economy by controlling the money supply and thus interest rates.Monetary Policy30s
- Q3fiscal or monetary; attempt to slow the economy downContractionary Policy30s
- Q4fiscal or monetary; attempt to speed up the economyExpansionary Policy30s
- Q5raise in interest rates, lower the money supply, raise the discount rate, raise the reserve requirementContractionary Monetary Policy30s
- Q6Decreased government spending, higher taxes, more regulations, decreased transfer paymentsContractionary Fiscal Policy30s
- Q7lower the interest rates, raise the money supply, lower the discount rate, lower the reserve requirementExpansionary Monetary Policy30s
- Q8Increased government spending, lower taxes, fewer regulations, increased transfer paymentsExpansionary Fiscal Policy30s
- Q9spending category about which government planners can make choicesDiscretionary spending30s
- Q10Required govt spending by permanent lawsMandatory spending30s
- Q11A tax for which the percentage of income paid in taxes increases as income increasesprogressive tax30s
- Q12A tax for which the percentage of income paid in taxes decreases as income increasesregressive tax30s
- Q13A tax in which the average tax rate is the same at all income levels.proportional tax30s