Economics

  1.  
    When federal government uses taxation and spending to stimulate the economy
    A. Fiscal policy B. Nondiscretionary C. Countercyclical D. Discretionary Fiscal policy
  2.  
    When federal government takes budgetary action to stimulate the economy or rein in inflation
    A. Discretionary Fiscal policy B. Nondiscretionary C. Countercyclical D. Fiscal policy
  3.  
    When federal government takes budgetary action to stimulate the economy or rein in inflation
    A. Fiscal policy B. Nondiscretionary C. Discretionary Fiscal policy D. Countercyclical
  4.  
    When the federal government cuts taxes and increased spending to stimulate the economy during a period of recession
    A. Fiscal policy B. Countercyclical C. Discretionary Fiscal policy D. Nondiscretionary
  5.  
    Fiscal policy in enacted
    A. through changes in taxation and government spending B. government spending C. through changes in D. taxation and government
  6.  
    When Congress passes legislation to raise taxes to control demand pull inflation
    A. passes legislatio B. axes to control demand pull inflation C. to raise taxes to control demand D. Contractionary fiscal policy
  7.  
    Functions of money are
    A. to serve as a unit of account, a store of value, and a medium of exchange B. nope as a unit of account, a store of value, and a medium of exchange C. no of value, and a medium of exchange D. nah exchange
Answer Key
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Economics (Answer Key)

  1.  
    When federal government uses taxation and spending to stimulate the economy
    A. Fiscal policy B. Nondiscretionary C. Countercyclical D. Discretionary Fiscal policy
  2.  
    When federal government takes budgetary action to stimulate the economy or rein in inflation
    A. Discretionary Fiscal policy B. Nondiscretionary C. Countercyclical D. Fiscal policy
  3.  
    When federal government takes budgetary action to stimulate the economy or rein in inflation
    A. Fiscal policy B. Nondiscretionary C. Discretionary Fiscal policy D. Countercyclical
  4.  
    When the federal government cuts taxes and increased spending to stimulate the economy during a period of recession
    A. Fiscal policy B. Countercyclical C. Discretionary Fiscal policy D. Nondiscretionary
  5.  
    Fiscal policy in enacted
    A. through changes in taxation and government spending B. government spending C. through changes in D. taxation and government
  6.  
    When Congress passes legislation to raise taxes to control demand pull inflation
    A. passes legislatio B. axes to control demand pull inflation C. to raise taxes to control demand D. Contractionary fiscal policy
  7.  
    Functions of money are
    A. to serve as a unit of account, a store of value, and a medium of exchange B. nope as a unit of account, a store of value, and a medium of exchange C. no of value, and a medium of exchange D. nah exchange

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