Question

1. The main goal of monetary policy is Group of answer choices a. to equalize income disparity among citizens of the United States with Congress passing an increase in the federal minimum wage. b. to control the amount of public debt sold to foreign states with the Executive Office of the President determining interest rates on government backed securities. c. to control the interest rates on money lent to foreign states with the International Monetary Fund authorization. d. to expand the government's revenue base so as to reduce the deficit with the Internal Revenue Service collecting more taxes. e. to affect how much money is available to businesses and banks with the Federal Reserve Board using interest rates as the primary tool. 2. What is the main purpose of fiscal policy? Group of answer choices a. to affect how much money in federal grants is available to state governments for capital projects. b. to determine how much interest the government will pay on the federal debt. c. to affect how much money the U.S. Teasury department makes available to foreign governments for investment and its cost. d. to use taxes and government spending, at the state and national levels, to help stimulate or slow down economic growth. e. to stimulate the economy with the Secretary of Commerce increasing the number of exports into the United States. 3. What differentiates a social insurance program from a means-tested program? Group of answer choices a. A social insurance program provides benefits based upon immediate need, while a means-tested program extends benefits based upon age categories. b. A social insurance program extends benefits only to the working poor, while a means-tested program extends benefits to everyone, regardless of social class. c. A social insurance program provides benefits based upon demonstrated need, while a means-tested program provides benefits based upon lifetime contributions. d. A social insurance program extends benefits to everybody, while a means-tested program only extends to benefits for the elderly. e. A social insurance program provides benefits based upon lifetime contributions, while a means tested program provides benefits based upon demonstrated need.

1. The main goal of monetary policy is
Group of answer choices
a. to equalize income disparity among citizens of the United States with Congress passing an increase in the federal minimum wage.
b. to control the amount of public debt sold to foreign states with the Executive Office of the President determining interest rates on government backed securities.
c. to control the interest rates on money lent to foreign states with the International Monetary Fund authorization.
d. to expand the government's revenue base so as to reduce the deficit with the Internal Revenue Service collecting more taxes.
e. to affect how much money is available to businesses and banks with the Federal Reserve Board using interest rates as the primary tool.

2. What is the main purpose of fiscal policy?
Group of answer choices
a. to affect how much money in federal grants is available to state governments for capital projects.
b. to determine how much interest the government will pay on the federal debt.
c. to affect how much money the U.S. Teasury department makes available to foreign governments for investment and its cost.
d. to use taxes and government spending, at the state and national levels, to help stimulate or slow down economic growth.
e. to stimulate the economy with the Secretary of Commerce increasing the number of exports into the United States.

3. What differentiates a social insurance program from a means-tested program?
Group of answer choices
a. A social insurance program provides benefits based upon immediate need, while a means-tested program extends benefits based upon age categories.
b. A social insurance program extends benefits only to the working poor, while a means-tested program extends benefits to everyone, regardless of social class.
c. A social insurance program provides benefits based upon demonstrated need, while a means-tested program provides benefits based upon lifetime contributions.
d. A social insurance program extends benefits to everybody, while a means-tested program only extends to benefits for the elderly.
e. A social insurance program provides benefits based upon lifetime contributions, while a means tested program provides benefits based upon demonstrated need.

Added by Rimsha M.

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