Quiz #3 Econ 2013.rtf

Quiz #3 Econ 2013.rtf - Quiz #3 1. The asset demand for...

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Quiz #3 1. The asset demand for money is most closely related to money functioning as a: A. Unit of account. B. Measure of value. C. Medium of exchange. D. Store of value. 2. Expansionary fiscal policy is so named because it: A. involves an expansion of the nation's money supply. B. necessarily expands the size of government. C. is aimed at achieving greater price stability. D. is designed to expand real GDP. 3. Which of the following represents the most contractionary fiscal policy? A. a $30 billion tax cut B. a $30 billion decrease in government spending C. a $30 billion increase in government spending D. a $30 billion tax increase 4. The paper money used in the United States is: A. United States Notes. B. Treasury Notes. C. National Bank Notes. D. Federal Reserve Notes. 5. The group of three economists appointed by the President to provide fiscal policy recommendations is the: A. Bureau of Economic Analysis. B. Council of Economic Advisers.
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Quiz #3 Econ 2013.rtf - Quiz #3 1. The asset demand for...

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