Exam 10: Economic Policy

The United States enjoyed a budget surplus during the administration of President

The Federal Reserve Board's main task is to regulate the money supply.

The view that the market is self-adjusting and should be left alone by the government Is associated with

Automatic increases in government benefits to keep up with price increases are called

The 2009 stimulus package differed from traditional Republican economic stimulus efforts in being primarily composed of

The economic crisis beginning in 2008 marked a turn in economic policy towards incrementalism.

A long-standing proponent of the balanced budget amendment is

The economic stimulus package passed in 2009 was primarily composed of tax cuts.

According to Keynes, only the government had the ability to remedy economic problems in the case of a recession.

About what percentage of U.S.national debt is essentially borrowed from foreign countries?

The financial crisis beginning in 2008 was most closely tied to what market?

The largest federal expenditures go for

The Wall Street bailout was opposed by both the Treasury secretary and the head of the Federal Reserve Board.

GDP, unemployment, and inflation are all measures of a nation's economic health.

Federal spending that is not included in the budget is termed

The Dodd-Frank Act concerned regulation of the financial system.

When GDP falls for six months, this is termed

The government takes about Of the GDP, but we (as a nation) still owe the Equivalent of

Which of these was saved by a government purchase of stocks, resulting in federal majority ownership?

The federal budget's discretionary, nondefense spending is about federal budget.