Question 1

Two or more quarters of negative economic growth or declines in gross domestic product is referred to as a ______.

Accepted Answer

A)  deficit 
B)  deflation 
C)  recession 
D)  depression 
A)  deficit 
B)  deflation 
C)  recession 
D)  depression

Question 2

The Government Accountability Office (GAO) was created as a result of the ______.

Accepted Answer

A)  Congressional Budget and Impoundment Act of 1974 
B)  Economic Growth and Tax Relief Reconciliation Act of 2001 
C)  Banking Act of 1933 
D)  Budget and Accounting Act of 1921 
A)  Congressional Budget and Impoundment Act of 1974 
B)  Economic Growth and Tax Relief Reconciliation Act of 2001 
C)  Banking Act of 1933 
D)  Budget and Accounting Act of 1921

Question 3

According to the text, sustained, long-term negative growth of the economy is referred to as a ______.

Accepted Answer

A)  depression 
B)  recession 
C)  deficit 
D)  surplus 
A)  depression 
B)  recession 
C)  deficit 
D)  surplus

Question 4

Deflation can ultimately impact the stock market.

Accepted Answer

A) True 
 B)False

Question 5

The Federal Reserve Act of 1913 established 12 regional banks.

Accepted Answer

A) True 
 B)False

Question 6

To this day, U.S. currency is still backed by metals such as gold and silver.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following types of policies was responsible for the government shutdown in 2013?

Accepted Answer

A)  monetary 
B)  fiscal 
C)  tax 
D)  supply-side 
A)  monetary 
B)  fiscal 
C)  tax 
D)  supply-side

Question 8

Government decisions surrounding the revenues it takes in and how it spends that money is referred to as ______.

Accepted Answer

A)  monetary policy 
B)  fiscal policy 
C)  tax policy 
D)  supply-side policy 
A)  monetary policy 
B)  fiscal policy 
C)  tax policy 
D)  supply-side policy

Two or more quarters of negative economic growth or declines in gross domestic product is referred to as a ______.

The Government Accountability Office (GAO) was created as a result of the ______.

According to the text, sustained, long-term negative growth of the economy is referred to as a ______.

Deflation can ultimately impact the stock market.

The Federal Reserve Act of 1913 established 12 regional banks.

To this day, U.S. currency is still backed by metals such as gold and silver.

Which of the following types of policies was responsible for the government shutdown in 2013?

Government decisions surrounding the revenues it takes in and how it spends that money is referred to as ______.

The Foundation

The Policy Process and Policy Theories

Federalism and Intergovernmental Relations

Rulemaking and Regulations

Crime and Public Policy

Education Policy

Civil Rights and Immigration Policy

Social Welfare and Health Care Policy

Environmental and Energy Policy

Filters

Exam 5: Economic Policy and Public Budgeting

Two or more quarters of negative economic growth or declines in gross domestic product is referred to as a ______.

The Government Accountability Office (GAO) was created as a result of the ______.

According to the text, sustained, long-term negative growth of the economy is referred to as a ______.

Deflation can ultimately impact the stock market.

The Federal Reserve Act of 1913 established 12 regional banks.

To this day, U.S. currency is still backed by metals such as gold and silver.

Which of the following types of policies was responsible for the government shutdown in 2013?

Government decisions surrounding the revenues it takes in and how it spends that money is referred to as ______.

The Foundation

The Policy Process and Policy Theories

Federalism and Intergovernmental Relations

Rulemaking and Regulations

Crime and Public Policy

Education Policy

Civil Rights and Immigration Policy

Social Welfare and Health Care Policy

Environmental and Energy Policy

Filters