AnswersIL-EconomicsFiscal Policy: Spending

Fiscal Policy: Spending Answers

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1
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In President Obama's speech about the federal budget, which government policy is he speaking about?

A
trade policy
B
monetary policy
C
regulatory policy
D
fiscal policy
2
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3

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4

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5

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6

What does it mean to make "difficult choices" when creating a federal budget?

A
deciding how to keep interest rates on the national debt low
B
deciding which country to borrow from to finance spending
C
deciding how much to lend and how much to tax
D
deciding what will be funded and what will be cut
7

In this statement, which type of spending is President Obama referring to?

A
mandatory
B
discretionary
C
interest
D
tax
8

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9

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Fiscal Policy: Spending Answers — IL-Economics