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Mac11: Fiscal policy, tools, deficit spending, national debt
By Jeffrey See
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Last updated over 6 years ago
5 questions
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Question 1
1.
Question 2
2.
Question 3
3.
Question 4
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Question 5
5.
Which of the following tools are part of
fiscal policy
?
Open Market Operations
Government spending
Reserve requirement
Discount rate
Taxes
Interest on reserves
Fiscal policy is conducted by what government agency?
Justice Department
Federal Reserve
Treasury Department
Congress
When the economy is in recession which combination of fiscal policy tools would be appropriate?
raise taxes and decrease government spending
Buy bonds/securities and lower taxes
lower taxes and increase government spending
Sell bonds/securities and raise the reserve requirement
When the federal government spends more than it receives in tax revenues for a given year, the result is called:
a Budget deficit
a Balanced budget
a Budget surplus
a Budget correction
An increase in budget deficits from year to year will cause the national debt to grow larger.
True
False