2. Tax Deductions and Exclusions in Fiscal Policy

Play an AI-generated podcast conversation about this lesson

Who is responsible for setting fiscal policy in the United States?

The Federal Reserve

The Congress (correct)

The U.S. Treasury Department

The President

What is the main focus of fiscal policy?

Raising revenue through taxation (correct)

Managing government's debt

Directly controlling interest rates

Controlling the money supply

How does the government cover a federal deficit?

Increasing tax rates on individuals

Selling interest-bearing securities to investors (correct)

Issuing non-interest-bearing securities

Reducing government spending on infrastructure

Which department manages the government's finances and carries out fiscal policy?

U.S. Treasury Department Signup and view all the answers

What is a major cost of borrowing money?

Market interest rates Signup and view all the answers

How does the federal government influence the cost of borrowing mortgage funds?

Through both fiscal and monetary policies Signup and view all the answers

What characterizes fiscal policy?

Government actions in managing debt Signup and view all the answers

In what way does the government manage a federal deficit?

By issuing interest-bearing securities to cover shortfall Signup and view all the answers

What is the role of the Federal Reserve system in relation to monetary policy?

Controlling money supply and cost of money Signup and view all the answers

How does the government fund a shortfall when it spends more than it collects?

By selling interest-bearing securities to investors Signup and view all the answers

2. Tax Deductions and Exclusions in Fiscal Policy

Podcast Beta

Questions and Answers

Who is responsible for setting fiscal policy in the United States?

What is the main focus of fiscal policy?

How does the government cover a federal deficit?

Which department manages the government's finances and carries out fiscal policy?

What is a major cost of borrowing money?

How does the federal government influence the cost of borrowing mortgage funds?

What characterizes fiscal policy?

In what way does the government manage a federal deficit?

What is the role of the Federal Reserve system in relation to monetary policy?

How does the government fund a shortfall when it spends more than it collects?

More Quizzes Like This

Sociedades no integradoras según la Ley del Impuesto sobre la Renta (L...

Understanding Tax Deductions and Taxable Income Quiz

Loi Fiscale : Impôt sur le Revenu, Déductions Fiscales et Taxe sur les...

Fiscalité des Déficits Fonciers

Upgrade to continue