How much do you know about fiscal policy? Do you think you can pass this quiz? You will need to know the difference between a fiscal policy and an expansionary policy, define a balanced budget, budget deficit and budget surplus, our current national debt, what causes debt, and what are progressive and regressive taxes. This awesome quiz can help you learn more about fiscal policy.
A policy that seeks to expand the money supply to encourage economic growth.
A government policy for dealing with the budget.
A finance ministry to slow down an economy.
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Reduction in private consumption or investment that occurs because of an increase in government spending.
When the government spends as much money as it generates in revenue.
How much we are below our deficit per year.
How much more we spend than what we bring in.
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How much more we spend than what we bring in.
How much we are below our deficit per year.
When the government spends as much money as it generates in revenue.
How much debt we have total.
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The poor is taxed a higher % than the rich.
The rich are taxed a higher % than the poor.
Everyone is taxed the same amount.
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Essential
Non-Essential
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The poor is taxed a higher % than the rich.
The rich are taxed a higher % than the poor.
Everyone is taxed the same amount.
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Little to no govt spending
Has more govt spending
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Income Administration
Social Security Administration
Fixed Dollar Administration
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How much more we spend than what we bring in.
How much debt we have total.
How much we are below our deficit per year.
When the government spends as much money as it generates in revenue.
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Social Security Tax
Fixed Dollar Amount
Income Tax
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Little to no govt spending
Has more govt spending
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The poor are taxed higher % than the rich.
The rich are taxed higher % than the poor.
Everyone is taxed the same amount.
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Lower taxes and are worried about gov't spending
Increase GDP, increase taxes. they're worried about inflation
Decrease taxes and decrease GDP
Increase gov't spending
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How much more we spend than what we bring in.
How much we are below our deficit per year.
When the government spends as much money as it generates in revenue.
How much debt we have total.
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A policy that seeks to expand the money supply to encourage economic growth.
A finance ministry to slow down an economy.
A government policy for dealing with the budget.
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How much more we spend than what we bring in.
How much we are below our deficit per year.
When the government spends as much money as it generates in revenue.
How much debt we have total.
Social Security Tax
Fixed Dollar Amount
Income Tax
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War
Housing
Cars
National Disasters
School
Recessions
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Social Security Tax
Fixed Dollar Amount
Income Tax
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$5 billion
$4 trillion
$3 million
$2 thousand
$8 trillion
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Increase GDP, increase taxes. they're worried about inflation.
Lower taxes and are worried about gov't spending.
Decrease taxes and decrease GDP.
Increase gov't spending.
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2011
1995
1978
2000
2004
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Money
Ability to pay
Simplicity
Taxing
Benefits received
Debt
Efficiency
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Quiz Review Timeline (Updated): Mar 19, 2023 +
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