Which group of conservative Republicans formed in opposition to the federal bailout of financial institutions in 2008 and President Obama's health care initiative?
A) evangelical Christians
B) party reformers
C) the tea party
D) fundamentalist Christians
Q. 2Which of the following is not a method or purpose of the Federal Reserve?
A) to set the discount rate
B) to determine monetary policy
C) to control inflation
D) to stimulate the economy
E) to control the profits of private banks
Q. 3______ are supporters of the Republican Party, who are concerned with such issues as family, religion, abortion, gay rights, and community morals.
A) Evangelical Christians
B) Tea party members
C) Moderate business interests
D) Right wing conservatives
Q. 4Regulation of the money supply and interest rates by a central bank, such as the U.S. Federal Reserve Board, in order to control inflation and stabilize currency is called ____________________.
A) fiscal policy
B) monetary policy
C) mandatory spending
D) laissez faire
E) redistributive tax policy
Q. 5The Republican party of Texas would appeal to which of the following groups?
A) African American, low-income ranchers
B) active and retired military officers
C) families with lower incomes
D) whites who do not attend church regularly
Q. 6Spending that is not controlled by annual budget decisions, but rather by legislation that establishes eligibility requirements is referred to as ________.
A) mandatory spending
B) outlays
C) discretionary spending
D) budget surplus
E) monetary policy
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