Question 1

Which of these groups receive the smallest percentage of the federal budget?

Accepted Answer

A)  Education, transportation, energy, agricultural research, and the arts and humanities 
B)  Social Security 
C)  Medicaid 
D)  Interest on the national debt 
E)  National defense 
A)  Education, transportation, energy, agricultural research, and the arts and humanities 
B)  Social Security 
C)  Medicaid 
D)  Interest on the national debt 
E)  National defense

Question 2

Decisions of the Federal Reserve Board play an important role in setting the nation's

Accepted Answer

A)  fiscal policy. 
B)  monetary policy. 
C)  supply-side policy. 
D)  social welfare policy. 
E)  demand-side policy. 
A)  fiscal policy. 
B)  monetary policy. 
C)  supply-side policy. 
D)  social welfare policy. 
E)  demand-side policy.

Question 3

A depression is a long-lasting and severe recession.

Accepted Answer

A) True 
 B)False

Question 4

___________ are enduring features of American life that play key roles in determining what issues become important in politics and government, how political power is distributed in the population, and what attitudes and beliefs guide the behavior of citizens and public officials.

Accepted Answer

A)  Political factors 
B)  Political linkage factors 
C)  Structural factors 
D)  Government factors 
E)  Electoral factors 
A)  Political factors 
B)  Political linkage factors 
C)  Structural factors 
D)  Government factors 
E)  Electoral factors

Question 5

Fiscal policy is controlled by Congress, monetary policy is made by the ________.

Accepted Answer

The answer of Fiscal policy is controlled by Congress, monetary...

Question 6

The ___________ is responsible for initiating the yearly budget process.

Accepted Answer

A)  Congress 
B)  president 
C)  Federal Reserve Board 
D)  state government 
E)  A combination of each is correct. 
A)  Congress 
B)  president 
C)  Federal Reserve Board 
D)  state government 
E)  A combination of each is correct.

Question 7

What is the future of regulation?

Accepted Answer

The regulatory state

Question 8

By the end of the 1970s, what was the mood of opinion leaders, both inside and outside the government, in regards to federal government regulation?

Accepted Answer

A)  Most blamed excessive regulation for forcing inefficient practices on American companies and hastening the decline of the United States in the world economy. 
B)  Most favored increased regulation in order to make the American workplace safer and the environment cleaner. 
C)  Most favored a continuation of the already lax federal regulation imposed on American corporations. 
D)  Most favored an increase in regulations so that American corporations could work in tandem, thus making the American economy more competitive in the world market. 
E)  Most favored additional regulations that would protect the environment. 
A)  Most blamed excessive regulation for forcing inefficient practices on American companies and hastening the decline of the United States in the world economy. 
B)  Most favored increased regulation in order to make the American workplace safer and the environment cleaner. 
C)  Most favored a continuation of the already lax federal regulation imposed on American corporations. 
D)  Most favored an increase in regulations so that American corporations could work in tandem, thus making the American economy more competitive in the world market. 
E)  Most favored additional regulations that would protect the environment.

Question 9

Which (or who) of the following required that increases in discretionary spending be offset with cuts in entitlements?

Accepted Answer

A)  Ronald Reagan 
B)  The Office of Management and Budget 
C)  The Government Accounting Office 
D)  The Budget Enforcement Act 
E)  The Deficit Reduction Act 
A)  Ronald Reagan 
B)  The Office of Management and Budget 
C)  The Government Accounting Office 
D)  The Budget Enforcement Act 
E)  The Deficit Reduction Act

Question 10

The Office of Management and Budget (OMB) determines the discount rate.

Accepted Answer

A) True 
 B)False

Question 11

When government leaders adjust fiscal and monetary policies, they are focusing on

Accepted Answer

A)  macroeconomic policy. 
B)  the national debt. 
C)  microeconomic policy. 
D)  supply-side economics. 
E)  foreign trade deficits. 
A)  macroeconomic policy. 
B)  the national debt. 
C)  microeconomic policy. 
D)  supply-side economics. 
E)  foreign trade deficits.

Question 12

Since 1980, the proportion of total federal expenditures represented by human resources has grown considerably. Most of the growth is accounted for by

Accepted Answer

A)  AFDC and food stamps. 
B)  Medicaid and WIN. 
C)  AFDC and SSI. 
D)  Social Security and Medicare. 
E)  TANF. 
A)  AFDC and food stamps. 
B)  Medicaid and WIN. 
C)  AFDC and SSI. 
D)  Social Security and Medicare. 
E)  TANF.

Question 13

Which of the following estimates the annual budget deficit?

Accepted Answer

A)  Federal Reserve Board 
B)  Securities and Exchange Commission 
C)  Congressional Budget Office 
D)  Congressional Accounting Office 
E)  All of the above 
A)  Federal Reserve Board 
B)  Securities and Exchange Commission 
C)  Congressional Budget Office 
D)  Congressional Accounting Office 
E)  All of the above

Question 14

What was the result of the successes of the consumer, environmental, and civil rights movements from the late 1960s to the late 1970s?

Accepted Answer

A)  A substantial increase in the federal government's regulation of business. 
B)  A substantial increase in the national debt. 
C)  The reduction of the national debt to zero. 
D)  A substantial increase in unemployment. 
E)  A substantial decrease in unemployment. 
A)  A substantial increase in the federal government's regulation of business. 
B)  A substantial increase in the national debt. 
C)  The reduction of the national debt to zero. 
D)  A substantial increase in unemployment. 
E)  A substantial decrease in unemployment.

Question 15

Monetary policy refers to

Accepted Answer

A)  all government actions having to do with spending and taxes. 
B)  the set of government policies that affect how much money is available. 
C)  the role that Congress and the presidency play in economic policy. 
D)  that which affects the economy as a whole. 
E)  None of the above 
A)  all government actions having to do with spending and taxes. 
B)  the set of government policies that affect how much money is available. 
C)  the role that Congress and the presidency play in economic policy. 
D)  that which affects the economy as a whole. 
E)  None of the above

Question 16

New Deal regulation aimed at the corporate economy as a whole.

Accepted Answer

A) True 
 B)False

Question 17

________ policy focuses on the economy as a whole.

Accepted Answer

The answer of ________ policy focuses on the economy as...

Question 18

If the Federal Reserve Board wants to increase total demand in the economy, it decreases the money supply and raises interest rates.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is identified in your textbook as a redistributive policy??

Accepted Answer

A)  Clean air policy 
B)  Clean water policy 
C)  Agriculture policy 
D)  Food Stamp program 
E)  Monetary policy 
A)  Clean air policy 
B)  Clean water policy 
C)  Agriculture policy 
D)  Food Stamp program 
E)  Monetary policy

Question 20

Agenda setting is the last stage of the policy process.

Accepted Answer

A) True 
 B)False

Which of these groups receive the smallest percentage of the federal budget?

Decisions of the Federal Reserve Board play an important role in setting the nation's

A depression is a long-lasting and severe recession.

___________ are enduring features of American life that play key roles in determining what issues become important in politics and government, how political power is distributed in the population, and what attitudes and beliefs guide the behavior of citizens and public officials.

Fiscal policy is controlled by Congress, monetary policy is made by the ________.

The ___________ is responsible for initiating the yearly budget process.

What is the future of regulation?

By the end of the 1970s, what was the mood of opinion leaders, both inside and outside the government, in regards to federal government regulation?

Which (or who) of the following required that increases in discretionary spending be offset with cuts in entitlements?

The Office of Management and Budget (OMB) determines the discount rate.

When government leaders adjust fiscal and monetary policies, they are focusing on

Since 1980, the proportion of total federal expenditures represented by human resources has grown considerably. Most of the growth is accounted for by

Which of the following estimates the annual budget deficit?

What was the result of the successes of the consumer, environmental, and civil rights movements from the late 1960s to the late 1970s?

Monetary policy refers to

New Deal regulation aimed at the corporate economy as a whole.

________ policy focuses on the economy as a whole.

If the Federal Reserve Board wants to increase total demand in the economy, it decreases the money supply and raises interest rates.

Which of the following is identified in your textbook as a redistributive policy??

Agenda setting is the last stage of the policy process.

Democracy and American Politics

The Constitution

Federalism States and Nations

Structural Foundations of the American Government

Public Opinion

News Media

Interest Groups and Business Corporations

Social Movements

Political Parties

Participation Voting, and Elections

Congress

The President

The Executive Branch

The Courts

Freedom: the Struggle for Civil Liberties

Civil Rights: the Struggle for Political Equality

Social Safety Nets

Foreign Policy and National Defense

Filters

Exam 17: The Budget and Economic Policies

Which of these groups receive the smallest percentage of the federal budget?

Decisions of the Federal Reserve Board play an important role in setting the nation's

A depression is a long-lasting and severe recession.

___________ are enduring features of American life that play key roles in determining what issues become important in politics and government, how political power is distributed in the population, and what attitudes and beliefs guide the behavior of citizens and public officials.

Fiscal policy is controlled by Congress, monetary policy is made by the ________.

The ___________ is responsible for initiating the yearly budget process.

What is the future of regulation?

By the end of the 1970s, what was the mood of opinion leaders, both inside and outside the government, in regards to federal government regulation?

Which (or who) of the following required that increases in discretionary spending be offset with cuts in entitlements?

The Office of Management and Budget (OMB) determines the discount rate.

When government leaders adjust fiscal and monetary policies, they are focusing on

Since 1980, the proportion of total federal expenditures represented by human resources has grown considerably. Most of the growth is accounted for by

Which of the following estimates the annual budget deficit?

What was the result of the successes of the consumer, environmental, and civil rights movements from the late 1960s to the late 1970s?

Monetary policy refers to

New Deal regulation aimed at the corporate economy as a whole.

________ policy focuses on the economy as a whole.

If the Federal Reserve Board wants to increase total demand in the economy, it decreases the money supply and raises interest rates.

Which of the following is identified in your textbook as a redistributive policy??

Agenda setting is the last stage of the policy process.

Democracy and American Politics

The Constitution

Federalism States and Nations

Structural Foundations of the American Government

Public Opinion

News Media

Interest Groups and Business Corporations

Social Movements

Political Parties

Participation Voting, and Elections

Congress

The President

The Executive Branch

The Courts

Freedom: the Struggle for Civil Liberties

Civil Rights: the Struggle for Political Equality

Social Safety Nets

Foreign Policy and National Defense

Filters