Question 1

The essence of supply-side economics is that

Accepted Answer

A) government spending should be used to "prime the pump" and aid economic recovery. 
B) industry should be centrally coordinated to ensure a steady supply of necessary goods. 
C) taxes should be cut to stimulate investment, and government regulation of business should be decreased. 
D) government should tax heavily and redistribute the money in an equitable fashion. 
E) business should be forced by government to allow inventories of goods to grow, thereby reducing costs. 
A) government spending should be used to "prime the pump" and aid economic recovery. 
B) industry should be centrally coordinated to ensure a steady supply of necessary goods. 
C) taxes should be cut to stimulate investment, and government regulation of business should be decreased. 
D) government should tax heavily and redistribute the money in an equitable fashion. 
E) business should be forced by government to allow inventories of goods to grow, thereby reducing costs.

Question 2

In the 1980s,Congress tried to force itself to balance the budget by

Accepted Answer

A) increasing taxes on all income levels. 
B) impounding funds for programs deemed unnecessary. 
C) cutting military funding. 
D) setting annual targets to gradually lower the deficit. 
E) None of these choices is true. 
A) increasing taxes on all income levels. 
B) impounding funds for programs deemed unnecessary. 
C) cutting military funding. 
D) setting annual targets to gradually lower the deficit. 
E) None of these choices is true.

Question 3

The House Armed Services Committee and the Senate Banking,Housing,and Urban Affairs Committee are __________ committees that review portions of the budget that pertain to their area of responsibility.

Accepted Answer

A) authorization 
B) appropriations 
C) tax 
D) select 
E) joint 
A) authorization 
B) appropriations 
C) tax 
D) select 
E) joint

Question 4

Explain some of the ways America's tax policies have traditionally favored the wealthy.​

Accepted Answer

There are several ways in which America'

Question 5

The Department of Education successfully lobbies to have  added to the budget a new federally-funded program that would ​provide for technology in classrooms.Spending on this program would be best described as _____________ spending.

Accepted Answer

A) ​mandatory 
B) ​budget-busting 
C) ​discretionary 
D) ​presidential 
E) ​Article I 
A) ​mandatory 
B) ​budget-busting 
C) ​discretionary 
D) ​presidential 
E) ​Article I

Question 6

At the time of Reagan's Economic Recovery Tax Act of 1981,the top marginal rate for the highest income group of Americans was

Accepted Answer

A) 15 percent. 
B) 28 percent. 
C) 39 percent. 
D) 70 percent. 
E) 91 percent. 
A) 15 percent. 
B) 28 percent. 
C) 39 percent. 
D) 70 percent. 
E) 91 percent.

Question 7

The administration of __________ was notable for especially boosting increases in defense spending.

Accepted Answer

A) Jimmy Carter 
B) Bill Clinton 
C) George H.W. Bush 
D) Ronald Reagan 
E) None of these choices is true. 
A) Jimmy Carter 
B) Bill Clinton 
C) George H.W. Bush 
D) Ronald Reagan 
E) None of these choices is true.

Question 8

President Reagan backed a sweeping tax reform that reduced the number of brackets.By eliminating many tax brackets,the new tax policy approached the idea of a __________-one that requires everyone to pay at the same rate.

Accepted Answer

A) loophole tax 
B) progressive tax 
C) wealth tax 
D) flat tax 
E) bracket tax 
A) loophole tax 
B) progressive tax 
C) wealth tax 
D) flat tax 
E) bracket tax

Question 9

What are the three ways the Fed controls the money supply?

Accepted Answer

The Federal Reserve, often referred to a

Question 10

A tax allocated based on a person's ability to pay,rather than,for example,requiring everyone to pay an equal percentage of their income,is known as a ______________ tax.​

Accepted Answer

A) ​progressive 
B) ​mandatory 
C) ​discretionary 
D) ​regressive 
E) ​flat 
A) ​progressive 
B) ​mandatory 
C) ​discretionary 
D) ​regressive 
E) ​flat

Question 11

Monetary policies are largely determined by

Accepted Answer

A) Congress. 
B) state legislatures. 
C) select members of the Senate. 
D) the Congressional Budget Office. 
E) the Federal Reserve Board. 
A) Congress. 
B) state legislatures. 
C) select members of the Senate. 
D) the Congressional Budget Office. 
E) the Federal Reserve Board.

Question 12

The U.S.income tax was first introduced in order to

Accepted Answer

A) help finance the Civil War. 
B) respond to the dramatic drop in federal revenues as a result of the Great Depression. 
C) finance U.S. participation in World War I. 
D) reduce the ability of a few industrialists to create economic disadvantage for the majority of citizens. 
E) enable the U.S. government to grow in response to competition from foreign countries. 
A) help finance the Civil War. 
B) respond to the dramatic drop in federal revenues as a result of the Great Depression. 
C) finance U.S. participation in World War I. 
D) reduce the ability of a few industrialists to create economic disadvantage for the majority of citizens. 
E) enable the U.S. government to grow in response to competition from foreign countries.

The essence of supply-side economics is that

In the 1980s,Congress tried to force itself to balance the budget by

The House Armed Services Committee and the Senate Banking,Housing,and Urban Affairs Committee are __________ committees that review portions of the budget that pertain to their area of responsibility.

Explain some of the ways America's tax policies have traditionally favored the wealthy.

The Department of Education successfully lobbies to have added to the budget a new federally-funded program that would provide for technology in classrooms.Spending on this program would be best described as _____________ spending.

At the time of Reagan's Economic Recovery Tax Act of 1981,the top marginal rate for the highest income group of Americans was

The administration of __________ was notable for especially boosting increases in defense spending.

President Reagan backed a sweeping tax reform that reduced the number of brackets.By eliminating many tax brackets,the new tax policy approached the idea of a __________-one that requires everyone to pay at the same rate.

What are the three ways the Fed controls the money supply?

A tax allocated based on a person's ability to pay,rather than,for example,requiring everyone to pay an equal percentage of their income,is known as a ______________ tax.

Monetary policies are largely determined by

The U.S.income tax was first introduced in order to

Freedom, Order, or Equality

Majoritarian or Pluralist Democracy

The Constitution

Federalism

Public Opinion and Political Socialization

The Media

Participation and Voting

Political Parties

Nominations, Elections, and Campaigns

Interest Groups

Congress

The Presidency

The Bureaucracy

The Courts

Order and Civil Liberties

Equality and Civil Rights

Policymaking and Domestic Policy

Filters

Exam 17: Economic Policy

The essence of supply-side economics is that

In the 1980s,Congress tried to force itself to balance the budget by

The House Armed Services Committee and the Senate Banking,Housing,and Urban Affairs Committee are __________ committees that review portions of the budget that pertain to their area of responsibility.

Explain some of the ways America's tax policies have traditionally favored the wealthy.​

The Department of Education successfully lobbies to have added to the budget a new federally-funded program that would ​provide for technology in classrooms.Spending on this program would be best described as _____________ spending.

At the time of Reagan's Economic Recovery Tax Act of 1981,the top marginal rate for the highest income group of Americans was

The administration of __________ was notable for especially boosting increases in defense spending.

President Reagan backed a sweeping tax reform that reduced the number of brackets.By eliminating many tax brackets,the new tax policy approached the idea of a __________-one that requires everyone to pay at the same rate.

What are the three ways the Fed controls the money supply?

A tax allocated based on a person's ability to pay,rather than,for example,requiring everyone to pay an equal percentage of their income,is known as a ______________ tax.​

Monetary policies are largely determined by

The U.S.income tax was first introduced in order to

Freedom, Order, or Equality

Majoritarian or Pluralist Democracy

The Constitution

Federalism

Public Opinion and Political Socialization

The Media

Participation and Voting

Political Parties

Nominations, Elections, and Campaigns

Interest Groups

Congress

The Presidency

The Bureaucracy

The Courts

Order and Civil Liberties

Equality and Civil Rights

Policymaking and Domestic Policy

Filters

Explain some of the ways America's tax policies have traditionally favored the wealthy.

The Department of Education successfully lobbies to have added to the budget a new federally-funded program that would provide for technology in classrooms.Spending on this program would be best described as _____________ spending.

A tax allocated based on a person's ability to pay,rather than,for example,requiring everyone to pay an equal percentage of their income,is known as a ______________ tax.