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

members are appointed for 14-year terms

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

Keeping the cost of production low helps the economy most.

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

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

Antitrust laws are designed to prevent

large companies from having a monopoly over specific goods

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

the federal government owns the means of production.

Which statements accurately describe significant trends in recent economic policy?

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

According to Keynesian economic theory, increasing governmental spending

stimulates the economy by creating demand among consumers.

Which of the following statements accurately describes the data?

Unemployment decreased during Clinton's administration

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Chapter 17 Economic Policymaking

10 termsStudBud Administration170 plays

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

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Questions 10

Answers

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

Chapter 17 Economic Policymaking Flashcards | StudBud