Fiscal Policy Attempts to Affect the Level of Overall Spending

question 53

Multiple Choice

Fiscal policy attempts to affect the level of overall spending by making changes in:

• A) the interest rate.
• B) the money supply.
• C) banking regulations.
• D) taxes and spending.

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Definitions:

Radical Opposition

Refers to the groups or individuals who adopt extreme measures or views to oppose or reform a prevailing system or government.

First New Deal

A series of programs and policies introduced by President Franklin D. Roosevelt in the 1930s to counter the effects of the Great Depression in the United States.

Second New Deal

A phase of the New Deal programs enacted by President Franklin D. Roosevelt in 1935 focusing on social justice and the creation of a social safety net.

Agencies

Organizations or government departments with specific roles and responsibilities within the larger structure of the government or corporate entities.