Which of the following statements accurately describes the data?

Unemployment decreased during Clinton's administration

According to Keynesian economic theory, increasing governmental spending

stimulates the economy by creating demand among consumers.

Antitrust laws are designed to prevent

large companies from having a monopoly over specific goods

To overcome inflation, the government could do which of the following?

Decrease the amount of money in banks to raise loan rates.

One reason why Republican presidents usually focus their attention on controlling inflation is

Keeping the cost of production low helps the economy most.

Which statements accurately describe significant trends in recent economic policy?

Consumer groups are more active in lobbying product safety., The FTC has tightened its regulation of advertisements.

Congress and the president have little influence over the Federal Reserve Board because

members are appointed for 14-year terms

All of the following factors indicate that the U.S. has a mixed economy EXCEPT

the federal government owns the means of production.

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Chapter 17 Economic Policymaking

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Quiz on Economic Policy making from Chapter 17 for the AP Government test.

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Questions 10

Answers

1
Which of the following statements accurately describes the data?
Unemployment is higher in the U.S. than in other countries
Unemployment increased steadily through the 1970s
Unemployment rises only diring a Republican presidency.
Unemployment decreased during Clinton's administration
2
The government can increase the money supply in which of the following ways?
Issuing fewer loans
Selling bonds
Increasing agricultural subsidies
Limiting the money in bank vaults
3
According to Keynesian economic theory, increasing governmental spending
creates a supply among consumers and encouraging saving.
does little to curb unemployment
stimulates the economy by creating demand among consumers.
threatens the economy by raising the federal deficit.
4
Antitrust laws are designed to prevent
The FTC from gaining too much power over economic policy
large companies from having a monopoly over specific goods
the government from interfering in international business
the expansion of large multinational corporations
5
To overcome inflation, the government could do which of the following?
Decrease loan rates making them more available to the public
Decrease the amount of money in banks to raise loan rates.
Increase the amount of credit available to the public
Increase the amount of money in banks so people spend more.
6
One reason why Republican presidents usually focus their attention on controlling inflation is
To attract the votes of the middle and lower classes.
They endorse Keynesian economics.
Keeping the cost of production low helps the economy most.
Controlling inflation keeps people from buying too much.
7
Which statements accurately describe significant trends in recent economic policy?
Govt has increasingly regulated business interests
Congress has regulated the growth of the Internet
Consumer groups are more active in lobbying product safety.
The FTC has tightened its regulation of advertisements.
8
Congress and the president have little influence over the Federal Reserve Board because
it is not subject to congressional oversight
members are appointed for 14-year terms
it is part of the judicial branch
its members are elected directly by the public
9
All of the following factors indicate that the U.S. has a mixed economy EXCEPT
there is an established minimum wage
Congress sets tariffs on imported goods.
the Justice Department can sue monopolistic companies
the federal government owns the means of production.
10
Which of the following government institutions has the greatest impact on the economy?
House Appropriations Committee
Office of Management and Budget
Senate Finance Committee
Federal Reserve Board

Chapter 17 Economic Policymaking Flashcards | StudBud