The main goal of fiscal policy is __________.
a. to ensure that money is available to state governments for capital projects
b. to pay down the federal debt
c. to increase exports into the United States
d. to stimulate or slow down economic growth
Question -2-Which constitutional amendment requires presidential electors to vote for one person for president and another for vice president?
a. the Twelfth
b. the Fifteenth
c. the Nineteenth
d. the Twenty-Second
Question -3-What are the two main mandates of the Federal Reserve?
a. to lend money to consumers and borrow money from banks
b. to control inflation and limit unemployment
c. to help developing countries and American business interests
d. to equalize income disparity among citizens and lower the cost of goods and services
Question -4-Which candidate in 1964 gave an acceptance speech that included the words, Extremism in the defense of liberty is no vice?
a. Lyndon Johnson
b. John Kennedy
c. Richard Nixon
d. Barry Goldwater
Question -5-Which of the following terms describes U.S. economic policy during much of the nineteenth century?
a. fiscalism
b. Keynesianism
c. laissez-faire
d. monetarism
Question -6-What states did the Democratic National Committee consider punishing in 2008 for moving their primaries to January?
a. California and Maine
b. Ohio and Georgia
c. Washington and South Carolina
d. Florida and Michigan
Question -7-Which of the following entities is responsible for setting the discount rate which then influences interest rates in the United States?
a. Congress
b. the Office of Management and Budget
c. the Executive Office of the President
d. the Federal Reserve
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