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63. Unit 10-2: 80s Economics
Test Description: SocialStudiesGames.net
Instructions: Answer all questions to get your test result.
1) The ________________economists policies from the 1930’s through1970 believed that government spending helps the economy.
A
Democratic
B
Keynesians
C
Liberals
D
Laissez Faire
2) Keynesian policies led to more government control and a ___________economy
A
Controlled
B
Booming
C
Soaring
D
Stagnate
3) Supply Side Economists believed in businesses spending helps the ___________and has less government intrusion.
A
Economy
B
Global trade
C
Free Market
D
Command Market
4) By adhering to the Supply Side Economics we take the government rules and regulations out and use a more _____________, hands off approach.
A
Federalist
B
Laissez Faire
C
Free Market
D
Command Market
5) In the 1980’s the government relaxed some of its laws on banks and let them invest in the ______________.
A
Computer industry
B
Global economy
C
Stock Market
D
Housing industry
6) Some of the banks made poor decisions in the Stock Market and lost money. So they could not make loans to people wanting to buy _______.
A
Land
B
Computers
C
Businesses
D
Homes
7) President Ronald Reagan brought with him the idea of ______________. People pay less taxes and spend it to buy goods they want.
A
Reaganomics
B
Regional Economics
C
Deflation
D
Inflation
8) The down side to reaganomics is the government was collecting fewer taxes and had less money to promote ________________.
A
Capitalism
B
Redistribution
C
Social programs
D
Communism
9) In 1987 we had a substantial Stock Market drop. It was not caused by “people selling stocks” it was caused by computer software.
A
True
B
False
10) Under Supply Side Economics a lot of restrictions were lifted as to who can buy and sell stocks (companies). Laws were less restricted on the companies and they got more money from investors.
A
False
B
True
*select an answer for all questions
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