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GOV_6.05
| Question | Answer |
|---|---|
| Which of the following is not a goal of federal economic policy? | the Federal Reserve |
| Which term applies to the economic policy that manages the business cycle by changing government spending? | fiscal policy |
| Which of the following defines the business cycle? | a recurring cycle of booms and busts, recoveries and recessions |
| How might the Federal Reserve respond to an overheated economy or boom? | by selling bonds in the open market |
| What is the general name for policies that affect the welfare, or well-being, of the people? | social policies |
| What was the New Deal? | a collection of social programs put together under President Franklin Roosevelt in the 1930s to lessen human misery while ending the Great Depression |
| Which of the following items is not a major component of Social Security? | Federal Deposit Insurance Corporation (FDIC) |
| What foreign policy tool generates goodwill for the United States through grants of money or other assistance? | foreign aid |
| Which is not an example of U.S. foreign policy? | President Jackson threatening South Carolina with military action |
| What foreign policy tools did President Barack Obama adopt in 2009? | negotiation and diplomacy |