Question 1

Changing the discount rate is a primary tool available to which of the following institutions to influence the economy

Accepted Answer

A)  Congress 
B)  President 
C)  Courts 
D)  Federal Reserve Board 
E)  Treasury Department 
A)  Congress 
B)  President 
C)  Courts 
D)  Federal Reserve Board 
E)  Treasury Department

Question 2

Fiscal policy may lag behind the need to adjust to changing economic conditions because

Accepted Answer

A)  Congress must approve every change in interest rates. 
B)  changes in spending and taxing are often slow and cumbersome. 
C)  Congress has no control over how much the government spends. 
D)  foreign governments largely control American economic policy. 
E)  supply and demand are unpredictable. 
A)  Congress must approve every change in interest rates. 
B)  changes in spending and taxing are often slow and cumbersome. 
C)  Congress has no control over how much the government spends. 
D)  foreign governments largely control American economic policy. 
E)  supply and demand are unpredictable.

Question 3

___________ is putting a law into effect.

Accepted Answer

A)  Implementation 
B)  Agenda setting 
C)  Policy evaluation 
D)  Regulation 
E)  Decision making 
A)  Implementation 
B)  Agenda setting 
C)  Policy evaluation 
D)  Regulation 
E)  Decision making

Question 4

Discuss the recent recession. What happened and why? What are some possible solutions to the recession? How do economists differ with the public and political leaders in their views on the economy, according to the authors of your text?

Accepted Answer

The recent recession refers to the econo

Question 5

What is the monetary value of all goods and services produced in a nation each year, excluding income residents earn abroad?

Accepted Answer

A)  The gross domestic product (GDP) 
B)  The Federal Reserve Board 
C)  The balance of payments 
D)  Fiscal policy 
E)  Monetary policy 
A)  The gross domestic product (GDP) 
B)  The Federal Reserve Board 
C)  The balance of payments 
D)  Fiscal policy 
E)  Monetary policy

Question 6

Which kinds of public policies are designed to target benefits to very narrowly defined groups or individuals?

Accepted Answer

The answer of Which kinds of public policies are designed...

Question 7

The states get most of their income from personal income taxes.

Accepted Answer

A) True 
 B)False

Question 8

Discuss the basic features of the American tax system. Who in America currently bears the tax burden?

Accepted Answer

The American tax system is based on the

Question 9

During the progressive era, which of the following argued for greater regulation of powerful new corporations and breaking up the enormous "trusts"?

Accepted Answer

A)  The Populists 
B)  Labor unions 
C)  Middle-class Americans 
D)  President Roosevelt 
E)  All of the above 
A)  The Populists 
B)  Labor unions 
C)  Middle-class Americans 
D)  President Roosevelt 
E)  All of the above

Question 10

What are off-budget supplemental appropriations?

Accepted Answer

A)  Special one-time expenditures to cover emergencies. 
B)  Congressional pork projects that the president doesn't want to approve in the budget. 
C)  Items that are not accounted for in the national debt. 
D)  Items that the Office of Management and Budget will not approve but that the president wants in the budget. 
E)  Items that Congress won't approve but that the president wants in the budget. 
A)  Special one-time expenditures to cover emergencies. 
B)  Congressional pork projects that the president doesn't want to approve in the budget. 
C)  Items that are not accounted for in the national debt. 
D)  Items that the Office of Management and Budget will not approve but that the president wants in the budget. 
E)  Items that Congress won't approve but that the president wants in the budget.

Question 11

The United States has one of the highest tax rates in the world.

Accepted Answer

A) True 
 B)False

Question 12

Budget deficits have recently disappeared while the national debt has begun gradually to shrink.

Accepted Answer

A) True 
 B)False

Question 13

What was unique about the substantial increases in the federal government's regulation of business in the late 1960s to the late 1970s?

Accepted Answer

A)  It was one of the only times in our history when business was almost entirely on the defensive. 
B)  It was the only time when large corporations became major players in the conception, formulation, and enactment of regulatory legislation. 
C)  It was focused primarily on speculative and unsafe practices in the banking and securities industry. 
D)  It dealt with problems such as monopolies, unstable financial institutions, unwholesome products, and unsafe working conditions. 
E)  Most of the regulation was repealed in the 1980s, making it the least successful period in American regulatory history. 
A)  It was one of the only times in our history when business was almost entirely on the defensive. 
B)  It was the only time when large corporations became major players in the conception, formulation, and enactment of regulatory legislation. 
C)  It was focused primarily on speculative and unsafe practices in the banking and securities industry. 
D)  It dealt with problems such as monopolies, unstable financial institutions, unwholesome products, and unsafe working conditions. 
E)  Most of the regulation was repealed in the 1980s, making it the least successful period in American regulatory history.

Question 14

The national government depends primarily on income taxes.

Accepted Answer

A) True 
 B)False

Question 15

A condition of rising prices is known as

Accepted Answer

A)  deflation. 
B)  recession. 
C)  depression. 
D)  inflation. 
E)  economic growth. 
A)  deflation. 
B)  recession. 
C)  depression. 
D)  inflation. 
E)  economic growth.

Question 16

One way that the Federal Reserve Board controls the money supply is by

Accepted Answer

A)  raising or lowering taxes. 
B)  vetoing federal regulations. 
C)  regulating the printing of money. 
D)  changing the discount rate. 
E)  spending money. 
A)  raising or lowering taxes. 
B)  vetoing federal regulations. 
C)  regulating the printing of money. 
D)  changing the discount rate. 
E)  spending money.

Question 17

____________ are all of those political actors, institutions, and processes that transmit the wants and demands of people and groups in our society to government officials and that together help shape what government officials do and what policies they adopt.

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 18

According to the authors of Struggle for Democracy, the reason for the growth of the national debt is that, quite simply, government wastes too much money.

Accepted Answer

A) True 
 B)False

Question 19

How have budget deficits and the national debt changed over the last few decades? What have been the consequences, thus far, of them?

Accepted Answer

Over the last few decades, budget defici

Question 20

One of the principal areas of New Deal regulation was

Accepted Answer

A)  the environment. 
B)  speculative and unsafe practices in the banking and securities industries. 
C)  consumer protection. 
D)  nuclear energy. 
E)  public works projects. 
A)  the environment. 
B)  speculative and unsafe practices in the banking and securities industries. 
C)  consumer protection. 
D)  nuclear energy. 
E)  public works projects.

Changing the discount rate is a primary tool available to which of the following institutions to influence the economy

Fiscal policy may lag behind the need to adjust to changing economic conditions because

___________ is putting a law into effect.

Discuss the recent recession. What happened and why? What are some possible solutions to the recession? How do economists differ with the public and political leaders in their views on the economy, according to the authors of your text?

What is the monetary value of all goods and services produced in a nation each year, excluding income residents earn abroad?

Which kinds of public policies are designed to target benefits to very narrowly defined groups or individuals?

The states get most of their income from personal income taxes.

Discuss the basic features of the American tax system. Who in America currently bears the tax burden?

During the progressive era, which of the following argued for greater regulation of powerful new corporations and breaking up the enormous "trusts"?

What are off-budget supplemental appropriations?

The United States has one of the highest tax rates in the world.

Budget deficits have recently disappeared while the national debt has begun gradually to shrink.

What was unique about the substantial increases in the federal government's regulation of business in the late 1960s to the late 1970s?

The national government depends primarily on income taxes.

A condition of rising prices is known as

One way that the Federal Reserve Board controls the money supply is by

____________ are all of those political actors, institutions, and processes that transmit the wants and demands of people and groups in our society to government officials and that together help shape what government officials do and what policies they adopt.

According to the authors of Struggle for Democracy, the reason for the growth of the national debt is that, quite simply, government wastes too much money.

How have budget deficits and the national debt changed over the last few decades? What have been the consequences, thus far, of them?

One of the principal areas of New Deal regulation was

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

Changing the discount rate is a primary tool available to which of the following institutions to influence the economy

Fiscal policy may lag behind the need to adjust to changing economic conditions because

___________ is putting a law into effect.

Discuss the recent recession. What happened and why? What are some possible solutions to the recession? How do economists differ with the public and political leaders in their views on the economy, according to the authors of your text?

What is the monetary value of all goods and services produced in a nation each year, excluding income residents earn abroad?

Which kinds of public policies are designed to target benefits to very narrowly defined groups or individuals?

The states get most of their income from personal income taxes.

Discuss the basic features of the American tax system. Who in America currently bears the tax burden?

During the progressive era, which of the following argued for greater regulation of powerful new corporations and breaking up the enormous "trusts"?

What are off-budget supplemental appropriations?

The United States has one of the highest tax rates in the world.

Budget deficits have recently disappeared while the national debt has begun gradually to shrink.

What was unique about the substantial increases in the federal government's regulation of business in the late 1960s to the late 1970s?

The national government depends primarily on income taxes.

A condition of rising prices is known as

One way that the Federal Reserve Board controls the money supply is by

____________ are all of those political actors, institutions, and processes that transmit the wants and demands of people and groups in our society to government officials and that together help shape what government officials do and what policies they adopt.

According to the authors of Struggle for Democracy, the reason for the growth of the national debt is that, quite simply, government wastes too much money.

How have budget deficits and the national debt changed over the last few decades? What have been the consequences, thus far, of them?

One of the principal areas of New Deal regulation was

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