Do You Know The Fiscal Policy?

10 Questions | Total Attempts: 151

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Do You Know The Fiscal Policy?

Fiscal policy is the utilization of government funds/revenue to influence the economy. Obviously, this is in a good way, as any change, whether huge or small in taxation, and thus, demand, leads to adjustment in national economy. Essentially, fiscal policy is used to stabilize the nation's economy, and it's meant to go on for a long time.


Questions and Answers
  • 1. 
    How many stances of fiscal policy exists?
    • A. 

      1

    • B. 

      2

    • C. 

      3

    • D. 

      4

  • 2. 
    Which out of the following isn't one of the stances?
    • A. 

      Contractionary Fiscal Policy

    • B. 

      Expansionary Fiscal Policy

    • C. 

      Distributive Fiscal Policy

    • D. 

      Neutral Fiscal Policy

  • 3. 
    Which of the stances occurs when the economy is neither unflattering or a boon?
    • A. 

      Neutral Fiscal Policy

    • B. 

      Cyclic Fiscal Policy

    • C. 

      Expansionary Fiscal Policy

    • D. 

      Contractionary Fiscal Policy

  • 4. 
    Which of the fiscal policy stances should be used during a recession?
    • A. 

      Cyclic

    • B. 

      Neutral

    • C. 

      Contractionary

    • D. 

      Expansionary

  • 5. 
    In how many ways can funds be gotten for government expenditures?
    • A. 

      1

    • B. 

      3

    • C. 

      5

    • D. 

      7

  • 6. 
    Which of the following isn't a function of fiscal policy?
    • A. 

      Minimizing Employment For A Short Time

    • B. 

      Short-Term Stabilization

    • C. 

      Longer-Term Development

    • D. 

      Allocating And Distributing Resources

  • 7. 
    Other than fiscal policy, how many ways are available to fix the economy?
    • A. 

      3

    • B. 

      2

    • C. 

      1

    • D. 

      4

  • 8. 
    Under which of the following is fiscal policy administered?
    • A. 

      Marketers

    • B. 

      The Individual Senators

    • C. 

      A Central Bank

    • D. 

      Legislative Law

  • 9. 
    Which fiscal policy stance is used when the tax revenue is bigger than the government spending?
    • A. 

      Cyclic Fiscal Policy

    • B. 

      Contractionary Fiscal Policy

    • C. 

      Expansionary Fiscal Policy

    • D. 

      Neutral Fiscal Policy

  • 10. 
    What is fiscal surplus?
    • A. 

      Nothing of Such Exists In Fiscal Policy

    • B. 

      It Happens When Government Policies Concerning Economy Is Surplus

    • C. 

      It Occurs When Revenue Is In Surplus

    • D. 

      It Happens When Revenue Is Small

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