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Fiscal policy: Quiz


Question 1: ________
South KoreaNational fiscal policy response to the late 2000s recessionLate-2000s recessionKeynesian economics

Question 2: Some classical and neoclassical economists argue that fiscal policy can have no stimulus effect; this is known as the ________, which Keynesian economics rejects.
Economic historyTreasury viewSaltwater and freshwater economicsMacroeconomics

Question 3: ________ suggests that adjusting government spending and tax rates are the best ways to stimulate aggregate demand.
Supply-side economicsKeynesian economicsCapitalismJohn Maynard Keynes

Question 4: Fiscal policy can be contrasted with the other main type of economic policy, ________, which attempts to stabilize the economy by controlling interest rates and the supply of money.
Monetary policyFederal Reserve SystemOpen market operationsCentral bank

Question 5: This article is part of the series:
________ and Taxation
Financial marketFinanceDebtBond (finance)

Question 6: The idea of using fiscal policy to combat recessions was introduced by John Maynard Keynes in the 1930s, partly as a response to the ________.
Republican Party (United States)United StatesFederal Reserve SystemGreat Depression

Question 7: ________
Tax revenue as % of GDP
Tax rates around the worldGovernment budget by countryValue added taxTax haven

Question 8: ________ and the level of economic activity;
InflationReal versus nominal value (economics)Aggregate demandKeynesian economics


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