stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Macroeconomics Flashcards | StudBud
Explore
/
Macroeconomics
Macroeconomics
26 terms
·
StudBud Administration
·
699 plays
Mr. Snelling Macroeconomics Quiz Quiz
Flashcards
26 cards
F
Practice quiz
P
Host live
L
Questions
26
Answers
1
The economy has inflation,pushing over 9% What fiscal policy action should the gov do to fixit?
Increase Spending
Increase reserve requirements
Decrease Interest Rates
Raise taxes
2
when aggregate demand exceeds aggregate supply, which of these is MOST likely to result?
Lower unemployment
Higher tax rates
Higher unemployment
Lower tax rates
3
According to the information, if the shaded areas indicate a recession, unemployment rates
fall during economic recovery periods.
fall during economic recessions.
rise during economic recessions.
rise during economic recovery periods.
4
Which of these is MOST LIKELY to occur after the government increases taxes?
Annual deficits increase.
Consumer spending decreases.
The national debt increases.
Government programs decrease.
5
Which action would be a change in the government's fiscal policy?
an increase in the price of goods
an increase in taxes
a decrease in unemployment
a decrease in collected revenues
6
Which is not affected by business fluctuations?
Changes in Taste
Construction
Product Life Style
Investments
7
The Federal Reserve System controls the size of the
production supply.
demand supply.
tax supply.
money supply.
8
Process by which the government manages spending and taxes to influence the economy is
fiscal policy
tax policy
monetary policy
trade policy
9
Unemployment insurance, Welfare, Medicare, Medicaid, and Social Security are key components of
monetary policy.
supply-side policy.
fiscal policy.
wage-price controls.
10
In the business cycle, what always follows immediately after a peak?
Contraction
Trough
Expansion
Depression
11
Discretionary fiscal policy is defined as
auto change in certain fiscal instrument when real GDPchange
the arbitrary fluctuation in tax laws and budget requirement
the manipulation of money supply to expand the total economy
change tax laws and gov spending to change equilibrium incom
12
Farming and mining are examples of which type of economic activity?
quinary
secondary
quaternary
primary
13
Which of these would be counted when calculating the GDP of the United States?
amount of loans made to the United States
number of people going to school in Idaho
quality of services rendered in the United States
selling price of goods produced in Rhode Island
14
"Too much money chasing too few goods" is a common way use to describe what economic concept?
depression
inflation
recession
bankruptcy
15
If the fed gov wants to encourage businesses and consumers to spend money, It will most likely
increase the tax rate.
decrease government spending on goods and services.
increase the reserve requirement.
decrease the tax rate.
16
Which statement describes economic activity in a recession?
government regulations decrease
business production increases
consumer spending declines
the employment rate increases
17
What consumer behavior is the Federal Reserve trying to encourage with a loose monetary policy?
increased saving and spending
decreased saving and spending
increased saving and reduced spending
decreased saving and increased spending
18
What is the name of the "central bank" of the United States?
Bank of America
U.S. Congressional Bank
The Federal Reserve
Bank of the U.S.
19
Why would adjusting the money supply be expected to increase economic growth during a recession
Decreased money supply will encourage more spending
Increasing the money supply will encourage more saving.
Increased money supply will encourage more spending
Recession caused by spending, money supply must be reduced
20
Monetary policy is BEST described as
benefits received by employees in addition to wages
actions by the Federal Reserve to effect the money supply.
system that determines the value of one currency to another.
¯\_(ツ)_/¯
21
Which of these is MOST LIKELY a result of a high unemployment rate in the United States?
Increased Production of Capital Goods
Increased Revenues
Increased Demand for Consumer Goods
Greater Government Expenditures for Transfer Payments
22
The federal gov. uses government spending and tax rates to help control recessions.
monetary policy.
fiscal policy.
supply-side economics.
open market operations.
23
Which of these would deter inflation?
a decrease in the price of securities
an increase in consumer spending
an increase in economic growth
a decrease in interest rates
24
With regards to economic growth, what is the goal of an expansionary fiscal policy?
to increase trade deficits
to maintain current economic levels
to increase economic growth
to decrease economic growth
25
Fiscal policy affects which two parts of aggregate demand directly?
Taxes and consumption
Consumption and investment
Government spending and consumption
Investment and net exports
26
You did it!
haha cool!
Thanks!
Wow!
okay!
