MONEY, MONEY, MONEY
A temporary contraction of the economy in which there is no economic growth for two consecutive quarters.
A. regressive period
B. depression
C. deficit
D. recession
D. recession
The mechanisms, procedures, and rules that must be followed to get something done
A. regulatory policy
B. red tape
C. "playbook"
D. executive discretion
B. red tape
The effort by the U.S. and Western European allies, begun during the Cold War, to prevent the spread of communism.
A. isolationism
B. neoliberalism
C. selective engagement
D. containment
D. containment
A way to provide for members of society experiencing economic hardship
A. bottom-up program
B. privatization
C. entitlements
D. safety net
D. safety net
A belief that the forces of supply and demand, working with little government intervention, are the most effective way for markets to operate
A. Keynesian Economics
B. Supply-Side Economics
C. Laissez Faire Economics
D. Free Market Economics
D. Free Market Economics
Approximately how many member banks have joined the FED?
A. over 20,000
B. just under 17,000
C. about 25,000
D. around 36
A. over 20,000
How many Executive Departments did Washington have and how many are there now?
A. 4; 15
B. 5; 15
C. 4; 18
D. 5; 12
A. 4; 15
Rate increases as the wealth or income of the tax payer increases.
A. regressive tax
B. excise tax
C. progressive tax
D. recessive tax
C. progressive tax
A person who publicizes misdeeds committed within a bureaucracy or other organization
A. rat
B. nark
C. whistleblower
D. scandalmonger
C. whistleblower
The use or threat of military power to influence the behavior of another country .
A. selective engagement
B. hard power
C. deterrence
D. soft power
B. hard power
People who identify all possible choices available to a decision maker and assess the potential impact of each.
A. policy makers
B. policy advocates
C. problem-solvers
D. policy analysts
D. policy analysts
An economic policy that assumes the key to economic growth and development is for the government to allow private markets to operate efficiently without interference.
A. Keynesian Economics
B. Supply-Side Economics
C. Laissez Faire Economics
D. Supply-Demand Economics
C. Laissez Faire Economics
How many members sit on the FOMC?
A. 7
B. 12
C. 5
D. 24
B. 12
The _______ set up the merit system in _____.
A. Hatch Act; 1873
B. Lloyd-La Follette Act; 1923
C. Pendleton Act; 1883
D. Patronage Act; 1881
C. Pendleton Act; 1883
Percentage of income paid in taxes decreases as income increases
A. regressive tax
B. excise tax
C. progressive tax
D. recessive tax
A. regressive tax
The individuals who fill nonelected positions in government and make up the bureaucracy.
A. civil leaders
B. executive agencies
C. government employees
D. civil servants
D. civil servants
A policy of retaining a strong military presence and remaining involved across the world.
A. containment
B. neoliberalism
C. selective engagement
D. liberal internationalism
C. selective engagement
Government spending that Congress must pass legislation to authorize each year.
A. mandatory spending
B. entitlements
C. discretionary spending
D. safety net spending
C. discretionary spending
An economic policy that assumes economic growth is largely a function of a country's productive capacity.
A. Keynesian Economics
B. Supply-Side Economics
C. Laissez Faire Economics
D. Supply-Demand Economics
B. Supply-Side Economics
Which is NOT a function of the Federal Reserve Banking System?
A. conduct monetary policy
B. regulate banks
C. maintain U.S. financial stability
D. provide financial services to the people
D. provide financial services to the people
1828
A. Johnson announced the Great Society Program
B. James Garfield was Assassinated
C. Andrew Jackson established the Spoils System
D. the Pendleton Civil Service Act was signed
C. Andrew Jackson established the Spoils System
Which type of spending is formula based and distributed to individual citizens?
A. safety net
B. distributive
C. discretionary
D. entitlements
D. entitlements
A strategy in which the federal government dictates the specifics of public policy and each state implements it the same way.
A. top-down implementation
B. local implementation
C. bottom-up implementation
D. hands-off implementation
A. top-down implementation
The belief that, instead of restraint, the U.S. should aggressively use its power to promote its values and ideals around the world.
A. neoconservativism
B. neoliberalism
C. selective engagement
D. liberal internationalism
A. neoconservativism
A policy that sets rules and standards for companies and organizations in an effort to protect the public.
A. distributive policy
B. corporate policy
C. regulatory policy
D. safety net policy
C. regulatory policy
A policy in which a country does not permit other countries to sell goods and services within its borders or imposes restrictions for them to do so.
A. Protectionism
B. Supply-Side Economics
C. Laissez Faire Economics
D. Restrictivism
A. Protectionism
Which Federal Reserve Bank Branch serves Texas and how many are there total?
A. 9th;24
B. 11th; 12
C. 5th; 12
D. 12th; 15
B. 11th; 12
The second level of the Bureaucratic Pyramid, which includes those who assist the President on daily basis in carrying out his job, includes which of the following?
A. White House Chief of Staff
B. The Secretary of Defense
C. the State Department
D. Executive Agencies
A. White House Chief of Staff
Taxes applied to specific goods or services as a source of revenue.
A. tariff
B. excise tax
C. progressive tax
D. regressive tax
B. excise tax
The use of government positions to reward individuals for their political support.
A. balance of trade
B. patronage
C. selective engagement
D. entitlements
B. patronage
A foreign policy approach of becoming proactively engaged in world affairs by cooperating in a community of nations.
A. neoconservativism
B. neoliberalism
C. selective engagement
D. liberal internationalism
D. liberal internationalism
Measures that incorporate the market forces of the private sector into the function of government to varying degrees.
A. privatization
B. private policy
C. collaborative policy
D. market policy
A. privatization
An economic policy based on the idea that economic growth is closely tied to the ability of individuals to consume goods.
A. Keynesian Economics
B. Supply-Side Economics
C. Free-Market Economics
D. Demand-Side Economics
A. Keynesian Economics
What is the name of the group that makes monetary policy decisions for the U.S.?
A. Federal Organization for Monetary Concerns
B. Board of Governors
C. Federal Open Market Committee
D. Federal Reserve Banks
C. Federal Open Market Committee
Which was not part of Johnson's Great Society Program?
A. Urban Revitalization and Mass Transit
B. Education and Job Training Programs
C. focus on the Arts and the Environment
D. Military Defense and NASA funding
D. Military Defense and NASA funding