Question 1

Which of the following is an example of monetary policy?

Accepted Answer

A)  decreasing federal spending 
B)  lowering state property and sales taxes 
C)  increasing taxes on wealthy Americans 
D)  lowering the discount rate 
A)  decreasing federal spending 
B)  lowering state property and sales taxes 
C)  increasing taxes on wealthy Americans 
D)  lowering the discount rate

Question 2

Discuss the policy response by the federal government to the recent financial crisis.

Accepted Answer

An ideal response will:
1.Note that the

Question 3

Unemployment insurance is what type of federal program?

Accepted Answer

A)  non-means-tested 
B)  means-tested 
C)  monetary policy 
D)  fiscal policy 
A)  non-means-tested 
B)  means-tested 
C)  monetary policy 
D)  fiscal policy

Question 4

The 2008 federal bailout of the financial industry is generally referred to as TANF.

Accepted Answer

A) True 
 B)False

Question 5

What was the purpose of TARP,and how was it designed to work?

Accepted Answer

An ideal response will:
1.Define TARP as

Question 6

Which of the following was a major contributor to the economic crisis that began in 2008?

Accepted Answer

A)  the collapse of the subprime mortgage industry 
B)  massive cuts in the federal budget deficit 
C)  increased wage demands by labor unions 
D)  inflationary policies by the Federal Reserve 
A)  the collapse of the subprime mortgage industry 
B)  massive cuts in the federal budget deficit 
C)  increased wage demands by labor unions 
D)  inflationary policies by the Federal Reserve

Question 7

Discuss the recent economic crisis and recession.What happened and why? Assess whether the federal government should take any steps to prevent this from happening again.If so,what steps?

Accepted Answer

An ideal response will:
1.Outline the fa

Question 8

Imagine the economy is slipping into a recession.What would a Keynesian advocate and why? Compare this approach to adjusting the discount rate to affect the money supply.

Accepted Answer

An ideal response will:
1.Identify that

Question 9

What is deregulation in the American political economy?

Accepted Answer

A)  an increase in the barriers to economic productivity 
B)  the elimination of business and environmental regulations 
C)  the removal of barriers to productivity and growth 
D)  the removal of barriers to the collection of taxes 
A)  an increase in the barriers to economic productivity 
B)  the elimination of business and environmental regulations 
C)  the removal of barriers to productivity and growth 
D)  the removal of barriers to the collection of taxes

Question 10

What bureaucracy is responsible for monetary policy? How is monetary policy used to affect the economy?

Accepted Answer

An ideal response will:
1.Identify the k

Question 11

Which of the following is accurate with regard to the national debt in the United States?

Accepted Answer

A)  The national debt as a percentage of GDP is about the same in the United States as it is in Japan. 
B)  The national debt as a percentage of GDP is lower in the United States than it is in any other Western democracy. 
C)  The national debt as a percentage of GDP is higher in the United States than it is in any other Western democracy. 
D)  The national debt as a percentage of GDP is about the same as the GDP. 
A)  The national debt as a percentage of GDP is about the same in the United States as it is in Japan. 
B)  The national debt as a percentage of GDP is lower in the United States than it is in any other Western democracy. 
C)  The national debt as a percentage of GDP is higher in the United States than it is in any other Western democracy. 
D)  The national debt as a percentage of GDP is about the same as the GDP.

Question 12

The __________ is the difference between annual government expenditures and revenues.

Accepted Answer

The answer of The __________ is the difference between annual...

Question 13

Which of the following entities is responsible for setting the discount rate which then influences interest rates in the United States?

Accepted Answer

A)  Congress 
B)  the Office of Management and Budget 
C)  the Executive Office of the President 
D)  the Federal Reserve Board 
A)  Congress 
B)  the Office of Management and Budget 
C)  the Executive Office of the President 
D)  the Federal Reserve Board

Question 14

Which of the following is a concern about the viability of Social Security?

Accepted Answer

A)  The rate of Social Security payroll taxes will continue to decrease. 
B)  The number of current retirees contributing to the fund will continue to decrease. 
C)  The working poor will not have access to Social Security after 2030. 
D)  There will be too few workers contributing to support the increasing number of retirees. 
A)  The rate of Social Security payroll taxes will continue to decrease. 
B)  The number of current retirees contributing to the fund will continue to decrease. 
C)  The working poor will not have access to Social Security after 2030. 
D)  There will be too few workers contributing to support the increasing number of retirees.

Which of the following is an example of monetary policy?

Discuss the policy response by the federal government to the recent financial crisis.

Unemployment insurance is what type of federal program?

The 2008 federal bailout of the financial industry is generally referred to as TANF.

What was the purpose of TARP,and how was it designed to work?

Which of the following was a major contributor to the economic crisis that began in 2008?

Discuss the recent economic crisis and recession.What happened and why? Assess whether the federal government should take any steps to prevent this from happening again.If so,what steps?

Imagine the economy is slipping into a recession.What would a Keynesian advocate and why? Compare this approach to adjusting the discount rate to affect the money supply.

What is deregulation in the American political economy?

What bureaucracy is responsible for monetary policy? How is monetary policy used to affect the economy?

Which of the following is accurate with regard to the national debt in the United States?

The __________ is the difference between annual government expenditures and revenues.

Which of the following entities is responsible for setting the discount rate which then influences interest rates in the United States?

Which of the following is a concern about the viability of Social Security?

American Government: Roots, context, and Culture

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Exam 17: Economic Policy

Which of the following is an example of monetary policy?

Discuss the policy response by the federal government to the recent financial crisis.

Unemployment insurance is what type of federal program?

The 2008 federal bailout of the financial industry is generally referred to as TANF.

What was the purpose of TARP,and how was it designed to work?

Which of the following was a major contributor to the economic crisis that began in 2008?

Discuss the recent economic crisis and recession.What happened and why? Assess whether the federal government should take any steps to prevent this from happening again.If so,what steps?

Imagine the economy is slipping into a recession.What would a Keynesian advocate and why? Compare this approach to adjusting the discount rate to affect the money supply.

What is deregulation in the American political economy?

What bureaucracy is responsible for monetary policy? How is monetary policy used to affect the economy?

Which of the following is accurate with regard to the national debt in the United States?

The __________ is the difference between annual government expenditures and revenues.

Which of the following entities is responsible for setting the discount rate which then influences interest rates in the United States?

Which of the following is a concern about the viability of Social Security?

American Government: Roots, context, and Culture

The Constitution

The Federal System

Civil Liberties

Civil Rights

Congress

The Presidency

The Executive Branch and the Federal Bureaucracy

The Judiciary

Public Opinion and Political Socialization

Political Parties

Elections and Voting

The Campaign Process

The News Media

Interest Groups

Domestic Policy

Foreign and Defense Policy

Filters