微观经济学(帕金11版)课后习题解答：chapter 30 Fiscal Policy.doc

Economics, 11e, Global Edition (Parkin) Chapter 30 Fiscal Policy1 The Federal Budget1) Prior to the Great Depression, the purpose of the federal budget was to ________.A) stabilize the economyB) finance the activities of the governmentC) maintain low interest ratesD) decrease unemploymentAnswer: BTopic: The Federal BudgetSkill: RecognitionStatus: Previous edition, Chapter 13AACSB: Reflective Thinking2) The use of the U.S. federal budget to help stabilize the economy grew in reaction to the ________ and is known as ________.A) stagflation of the 1970s; fiscal policyB) Great Depression of the 1930s; fiscal policyC) stagflation of the 1970s; government policyD) Great Depression of the 1930s; monetary policyAnswer: BTopic: The Federal BudgetSkill: RecognitionStatus: Previous edition, Chapter 13AACSB: Reflective Thinking3) Fiscal policy includesA) only decisions related to government expenditure on goods and services.B) only decisions related to government expenditure on goods and services and the value of transfer payments.C) only decisions related to the value of transfer payments and tax revenue.D) decisions related to government expenditure on goods and services, the value of transfer payments, and tax revenue.Answer: DTopic: Fiscal PolicySkill: RecognitionStatus: Previous edition, Chapter 13AACSB: Reflective Thinking4) Fiscal policy involvesA) the use of interest rates to influence the level of GDP.B) the use of tax and spending policies by the government.C) decreasing the role of the Federal Reserve in the everyday life of the economy.D) the use of tax and money policies by government to influence the level of interest rates.Answer: BTopic: Fiscal PolicySkill: RecognitionStatus: Previous edition, Chapter 13AACSB: Reflective Thinking5) Fiscal policyA) is enacted by the Federal Reserve.B) involves changing interest rates.C) involves changing taxes and government spending.D) involves changing the money supply.Answer: CTopic: Fiscal PolicySkill: RecognitionStatus: Previous edition, Chapter 13AACSB: Reflective Thinking6) Fiscal policy attempts to achieve all of the following objectives EXCEPT ________.A) a stable money supplyB) price level stabilityC) full employmentD) sustained economic growthAnswer: ATopic: Fiscal PolicySkill: RecognitionStatus: Previous edition, Chapter 13AACSB: Reflective Thinking7) Changes in which of the following is included as part of fiscal policy?A) the quantity of money B) the level of interest ratesC) monetary policyD) tax ratesAnswer: DTopic: Fiscal PolicySkill: RecognitionStatus: Previous edition, Chapter 13AACSB: Reflective Thinking8) All of the following are part of fiscal policy EXCEPTA) setting tax rates.B) setting government spending.C) choosing the size of the government deficit.D) controlling the money supply.Answer: DTopic: Fiscal PolicySkill: RecognitionStatus: Previous edition, Chapter 13AACSB: Reflective Thinking9) The budget process includes theA) President proposing and Congress passing the budget.B) President passing the budget as proposed by Congress.C) House of Representatives proposing and the Senate passing the budget.D) Senate proposing and the House of Representatives passing the budget.Answer: ATopic: The Federal BudgetSkill: RecognitionStatus: Previous edition, Chapter 13AACSB: Reflective Thinking10) Which branches of the government play a role in the enacting the federal budget?I. the President.II. the House of Representatives.III. the Senate.A) I and IIB) II and IIIC) I, II and IIID) IAnswer: CTopic: The Federal BudgetSkill: RecognitionStatus: Previous edition, Chapter 13AACSB: Reflective Thinking11) Which of the following government bodies does NOT participate directly in formulating U.S. fiscal policy?A) the President and his cabinetB) the Federal Reserve BoardC) the House of RepresentativesD) the SenateAnswer: BTopic: The Federal BudgetSkill: RecognitionStatus: Previous edition, Chapter 13AACSB: Reflective Thinking12) The purpose of the Employment Act of 1946 was toA) establish goals for the federal government that would promote maximum employment, purchasing power, and production.B) establish an unemployment compensation system.C) set up the Federal Reserve System.D) set targets for the unemployment rate to be achieved by the president.Answer: ATopic: The Employment Act of 1946Skill: RecognitionStatus: Previous edition, Chapter 13AACSB: Reflective Thinking13) The Employment Act of 1946 made it the responsibility of the federal government toA) balance its budget because that policy would create the maximum level of employment.B) promote maximum employment.C) provide full employment and a stable balance of payments.。