Which of these is a belief of Supply-Side Economics?

Limit Government involvement in the economy

________ Gives the US Dollar value

The Trust of the American People

Fiscal policy refers to:

Policies related to federal budgeting

Supply-Side economics is referred to as "Trickle Down" Economics because:

Less Taxes for wealthy will create jobs for lower class

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Macroeconomics U3 Review - Virtual

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Macro U3 Review

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Questions 15

Answers

1
Supply-side economics would be most supported by which US political party?
Liberal
Green
Republican
Democrat
2
__________ was the British Economist who came up with the idea of Demand-side Economics
Winston Churchill
Charles Dickens
Harry Styles
John Maynard Keynes
3
Which of these is a belief of Supply-Side Economics?
Use government policy to promote employment and stability
Government should be main driver of the economy
Limit Government involvement in the economy
Lower Taxes for middle and lower class citizens
4
Money is considered to be all of these EXCEPT:
A Store of Value
A Unit of Account
A Unit Store of Mediums
A Medium of Exchange
5
What agency distributes currency in the United States?
The Senate
The Federal Reserve
The Bureau of Printing and Engraving
The US Mint
6
________ Gives the US Dollar value
The U.S. House of Representatives
The Trust of the American People
Congress
The New York Stock Exchange
7
Fiscal policy refers to:
Policies related to the amount of money in the market
Policies related to federal budgeting
Policies related to the value of money
Policies related to regulation of the stock exchange
8
Demand-side Economics is also known as "Trickle Down" Economics
True
False
9
___________ championed Supply-side or "Trickle Down" economics
Franklin D. Roosevelt
Andrew Jackson
John Keynes
Ronald Reagan
10
The Federal Reserve is mainly responsible for which type of Economic Policy?
Stock Policy
Monetary Policy
Fiscal Policy
Currency Policy
11
Supply-Side economics is referred to as "Trickle Down" Economics because:
More middle class spending creates more money for rich
Less Taxes for wealthy will create jobs for lower class
More taxes for wealthy will give more money back to poor
More Gov't involvement creates more money for everyone
12
Demand-side Economics is most supported by which US political party?
Libertarian
Democrat
Communist
Republican
13
In the United States, _____ is responsible for deciding on the federal budget
Congress
The Supreme Court
The Federal Reserve
The FDIC
14
Which of these is NOT one of the three Macroeconomic goals we discussed in class?
Low Unemployment
High Inflation
Low Inflation
Economic Growth
15
There are _____ Federal Reserve Disticts in the United States
5
10
12
21

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