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Fiscal Vs. Monetary Policy
Test Description: A test comparing facts from fiscal and monetary policies.
Instructions: Answer all questions to get your test result.
1) If the economy of a country is in a recession with high unemployment what should the fed do?
A
Sell Bonds in the open market
B
Raise the reserve ratio
C
Buy bonds in the open market
D
Increase the discount rate
2) Which policy takes longer usually to take effect?
A
Monetary
B
Fiscal
3) If there is a recession which policy should be used?
A
Fiscal
B
Monetary
4) Which of these is NOT a tool of monetary policy?
A
Open market operations
B
Moving the discount rate
C
Move the reserve requirement
D
Increase or decrease taxes
5) The fed controls which policy?
A
Monetary
B
Fiscal
6) Fiscal and monetary policy are similar because...
A
Both of them affect the AD
B
Both of them are countercyclical
C
Both of them have the same lags
D
Both of them affect the AS
7) Which of these is NOT a goal of the monetary policy?
A
Control the government revenue
B
Promote maximum employment
C
Keep stable prices
D
Have long-term interest rates be moderate
8) Fiscal policy theories are based on which famous economist?
A
Thomas Robert Malthus
B
David Hume
C
Irving Fisher
D
John Maynard Keynes
9) Fiscal Policy is controlled by the...
A
Fed
B
Government
C
President
D
Treasurer
10) Government bonds are more likely to be used with which policy?
A
Fiscal
B
Monetary
*select an answer for all questions
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