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.

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

the federal government owns the means of production.

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.

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

members are appointed for 14-year terms

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.

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

Keeping the cost of production low helps the economy most.

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

Chapter 17 Economic Policymaking Flashcards | StudBud