Question 1

__________ are cash or in-kind benefits such as food stamps and low-interest college loans that are given by the government directly to individuals.

Accepted Answer

A)  Tax credits 
B)  Tax deductions 
C)  Tax expenditures 
D)  Transfer payments 
A)  Tax credits 
B)  Tax deductions 
C)  Tax expenditures 
D)  Transfer payments

Question 2

Which of the following is an example of monetary policy?

Accepted Answer

A)  decreasing federal spending 
B)  increasing food and drug regulations 
C)  increasing income taxes on wealthy Americans 
D)  the Federal Reserve Board buying government bonds 
A)  decreasing federal spending 
B)  increasing food and drug regulations 
C)  increasing income taxes on wealthy Americans 
D)  the Federal Reserve Board buying government bonds

Question 3

Monetarists favor using __________ to manage the growth of the money supply in the United States.

Accepted Answer

The answer of Monetarists favor using __________ to manage the...

Question 4

What is a government program called that provides benefits to qualified citizens regardless of need?

Accepted Answer

A)  an economic stimulus program 
B)  an entitlement program 
C)  a means-tested program 
D)  a command-and-control program 
A)  an economic stimulus program 
B)  an entitlement program 
C)  a means-tested program 
D)  a command-and-control program

Question 5

If you support laissez-faire economic policies,you would generally favor __________.

Accepted Answer

A)  a reduction in the amount of economic regulation by the federal government 
B)  an increase in the level of taxes assessed by state governments 
C)  an increase in the amount of economic regulation by the state governments 
D)  an increase in the tariffs assessed on goods imported into the United States 
A)  a reduction in the amount of economic regulation by the federal government 
B)  an increase in the level of taxes assessed by state governments 
C)  an increase in the amount of economic regulation by the state governments 
D)  an increase in the tariffs assessed on goods imported into the United States

Question 6

If the Federal Reserve Board wanted to slow the rate of economic growth,it would most likely __________.

Accepted Answer

A)  encourage the president to lower taxes 
B)  increase interest rates 
C)  increase the money supply 
D)  lower capital gains rates 
A)  encourage the president to lower taxes 
B)  increase interest rates 
C)  increase the money supply 
D)  lower capital gains rates

Question 7

An economic theory holding that the supply of money is the key to a nation's economic health and that too much cash and credit in circulation produces inflation is called __________.

Accepted Answer

A)  fiscalism 
B)  Keynesian 
C)  monetarism 
D)  Reaganomics 
A)  fiscalism 
B)  Keynesian 
C)  monetarism 
D)  Reaganomics

Question 8

A __________ tax is one in which the burden falls relatively more heavily on low-income groups than on wealthy taxpayers.

Accepted Answer

A)  progressive 
B)  regressive 
C)  proportional 
D)  severance 
A)  progressive 
B)  regressive 
C)  proportional 
D)  severance

Question 9

Congress has the primary responsibility for setting interest rates in the United States.

Accepted Answer

A) True 
 B)False

Question 10

Keynesians in Congress would support increasing __________ as a means to address high levels of unemployment.

Accepted Answer

The answer of Keynesians in Congress would support increasing __________...

Question 11

When it comes to fighting unemployment and fighting inflation,Democrats are more likely to stress the importance of fighting inflation.

Accepted Answer

A) True 
 B)False

Question 12

The Federal Reserve Board (the Fed)is chaired by someone who has more power over the U.S.economy than does any other person-including the president.How was the Fed designed so that it is able to have such power?

Accepted Answer

An ideal response will:
1.Describe the c

Question 13

Which of the following has been the biggest contributor to recent bouts of inflation?

Accepted Answer

A)  the inaugurations of new presidents 
B)  technological innovations 
C)  soaring prices for energy 
D)  wars or other significant military conflicts 
A)  the inaugurations of new presidents 
B)  technological innovations 
C)  soaring prices for energy 
D)  wars or other significant military conflicts

Question 14

Which of the following entities is responsible for influencing interest rates in the United States?

Accepted Answer

A)  the Congress 
B)  the Congressional Budget Office 
C)  the Executive Office of the President 
D)  the Federal Reserve Board 
A)  the Congress 
B)  the Congressional Budget Office 
C)  the Executive Office of the President 
D)  the Federal Reserve Board

Question 15

The most expensive public policy in the United States is __________.

Accepted Answer

The answer of The most expensive public policy in the...

Question 16

The federal unemployment compensation program is known as TANF.

Accepted Answer

A) True 
 B)False

Question 17

Most economists classify the most recent economic crisis as a depression.

Accepted Answer

A) True 
 B)False

Question 18

All U.S.citizens are guaranteed to receive Medicaid,regardless of their level of income.

Accepted Answer

A) True 
 B)False

Question 19

What type of federal program is Medicaid?

Accepted Answer

A)  discretionary 
B)  means-tested 
C)  social insurance 
D)  entitlement 
A)  discretionary 
B)  means-tested 
C)  social insurance 
D)  entitlement

Question 20

Which of the following is a possible solution to the long-term problem of solvency in the Social Security program?

Accepted Answer

A)  increase benefits for retirees who have substantial income from other sources 
B)  increase the minimum retirement age 
C)  revise the inflation adjustment formula for benefits so that recipients would receive more of a raise every year 
D)  lower the payroll tax contribution 
A)  increase benefits for retirees who have substantial income from other sources 
B)  increase the minimum retirement age 
C)  revise the inflation adjustment formula for benefits so that recipients would receive more of a raise every year 
D)  lower the payroll tax contribution

__________ are cash or in-kind benefits such as food stamps and low-interest college loans that are given by the government directly to individuals.

Which of the following is an example of monetary policy?

Monetarists favor using __________ to manage the growth of the money supply in the United States.

What is a government program called that provides benefits to qualified citizens regardless of need?

If you support laissez-faire economic policies,you would generally favor __________.

If the Federal Reserve Board wanted to slow the rate of economic growth,it would most likely __________.

An economic theory holding that the supply of money is the key to a nation's economic health and that too much cash and credit in circulation produces inflation is called __________.

A __________ tax is one in which the burden falls relatively more heavily on low-income groups than on wealthy taxpayers.

Congress has the primary responsibility for setting interest rates in the United States.

Keynesians in Congress would support increasing __________ as a means to address high levels of unemployment.

When it comes to fighting unemployment and fighting inflation,Democrats are more likely to stress the importance of fighting inflation.

The Federal Reserve Board (the Fed)is chaired by someone who has more power over the U.S.economy than does any other person-including the president.How was the Fed designed so that it is able to have such power?

Which of the following has been the biggest contributor to recent bouts of inflation?

Which of the following entities is responsible for influencing interest rates in the United States?

The most expensive public policy in the United States is __________.

The federal unemployment compensation program is known as TANF.

Most economists classify the most recent economic crisis as a depression.

All U.S.citizens are guaranteed to receive Medicaid,regardless of their level of income.

What type of federal program is Medicaid?

Which of the following is a possible solution to the long-term problem of solvency in the Social Security program?

Introducing Government in America

The Constitution

Federalism

Civil Liberties and Public Policy

Civil Rights and Public Policy

Public Opinion and Political Action

The Mass Media and the Political Agenda

Political Parties

Campaigns and Voting Behavior

Interest Groups

Congress

The Presidency

The Budget: The Politics of Taxing and Spending

The Federal Bureaucracy

The Federal Courts

Understanding Health Care, Environmental, and Energy Policy

National Security Policymaking

Filters

Exam 16: Economic and Social Welfare Policymaking

__________ are cash or in-kind benefits such as food stamps and low-interest college loans that are given by the government directly to individuals.

Which of the following is an example of monetary policy?

Monetarists favor using __________ to manage the growth of the money supply in the United States.

What is a government program called that provides benefits to qualified citizens regardless of need?

If you support laissez-faire economic policies,you would generally favor __________.

If the Federal Reserve Board wanted to slow the rate of economic growth,it would most likely __________.

An economic theory holding that the supply of money is the key to a nation's economic health and that too much cash and credit in circulation produces inflation is called __________.

A __________ tax is one in which the burden falls relatively more heavily on low-income groups than on wealthy taxpayers.

Congress has the primary responsibility for setting interest rates in the United States.

Keynesians in Congress would support increasing __________ as a means to address high levels of unemployment.

When it comes to fighting unemployment and fighting inflation,Democrats are more likely to stress the importance of fighting inflation.

The Federal Reserve Board (the Fed)is chaired by someone who has more power over the U.S.economy than does any other person-including the president.How was the Fed designed so that it is able to have such power?

Which of the following has been the biggest contributor to recent bouts of inflation?

Which of the following entities is responsible for influencing interest rates in the United States?

The most expensive public policy in the United States is __________.

The federal unemployment compensation program is known as TANF.

Most economists classify the most recent economic crisis as a depression.

All U.S.citizens are guaranteed to receive Medicaid,regardless of their level of income.

What type of federal program is Medicaid?

Which of the following is a possible solution to the long-term problem of solvency in the Social Security program?

Introducing Government in America

The Constitution

Federalism

Civil Liberties and Public Policy

Civil Rights and Public Policy

Public Opinion and Political Action

The Mass Media and the Political Agenda

Political Parties

Campaigns and Voting Behavior

Interest Groups

Congress

The Presidency

The Budget: The Politics of Taxing and Spending

The Federal Bureaucracy

The Federal Courts

Understanding Health Care, Environmental, and Energy Policy

National Security Policymaking

Filters