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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
Keynesians
B
Liberals
C
Laissez Faire
D
Democratic
2) Keynesian policies led to more government control and a ___________economy
A
Stagnate
B
Controlled
C
Soaring
D
Booming
3) Supply Side Economists believed in businesses spending helps the ___________and has less government intrusion.
A
Free Market
B
Global trade
C
Economy
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
Command Market
B
Free Market
C
Laissez Faire
D
Federalist
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
Computers
B
Homes
C
Land
D
Businesses
7) President Ronald Reagan brought with him the idea of ______________. People pay less taxes and spend it to buy goods they want.
A
Regional Economics
B
Reaganomics
C
Inflation
D
Deflation
8) The down side to reaganomics is the government was collecting fewer taxes and had less money to promote ________________.
A
Redistribution
B
Communism
C
Social programs
D
Capitalism
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
False
B
True
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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