PreTest

Click on the correct answer.  A smiling face in the box means the answer is correct; an X means that it is incorrect.

 
1 Fiscal Policy is:
the actions that the government takes to cut interest rates.
impeaching the president.
the discretionary changing of government expenditures and/or taxes.
on CSPAN everyday.
2 Government spending refers to:
building new roads and railways.
paying the salary of public college professors.
buying new tanks to get rid of the bad guys.
All of the above.
3 Raising taxes to slow down the economy is an example of:
cruelty by the government.
natural post-election blues.
contractionary fiscal policy.
sucking blood.
4 Expansionary fiscal policy is when:
the government raises my salary.
the government reduces taxes and increases government spending.
the Lakers pay O'Neal 120 million dollars.
the government expands regulation of Microsoft.

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