Economics test help :)?

[reid]

Question 1
Marks: 1

The Office of Management and Budget does NOT perform which of the following functions?
Choose one answer.
a. prepares the budget
b. vetoes the budget
c. recommends changes in the budget
d. manages the budget
Question 2
Marks: 1
Congress can override the President's veto of the budget by
Choose one answer.
a. a 2/3 majority vote of state governors
b. appealing to the Supreme Court.
c. a 2/3 majority vote
d. adding an amendment to the Constitution
Question 3
Marks: 1
Expansionary fiscal policies are designed to
Choose one answer.
a. slow the economy.
b. have no effect on the economy
c. boost the economy.
d. balance the economy.
Question 4
Marks: 1
When the government increases taxes
Choose one answer.
a. the economy prospers
b. consumers are not affected.
c. consumers have more money to spend
d. the economy slows down.
Question 5
Marks: 1
Which of the following is not one of the results of having a national debt?
Choose one answer.
a. There is more money to invest.
b. There is less money to invest.
c. Interest must be paid to those who buy bonds
d. Funds are diverted from important social programs.
Question 6
Marks: 1
Which of the following is known as the research branch of the Federal Reserve?
Choose one answer.
a. Federal Open Market Committee
b. Federal Advisory Council
c. Interest Rate Board
d. Board of Governors
Question 7
Marks: 1
Which of the following is NOT a function of the Federal Reserve?
Choose one answer.
a. check clearing
b. performing bank examinations
c. enforcing truth in lending laws
d. supervising the New York Stock Exchange
Question 8
Marks: 1
Which of the following is NOT a tool used by the Federal Reserve to implement monetary policy?
Choose one answer.
a. buying and selling bonds
b. adjusting reserve requirements
c. buying and selling foreign stocks
d. adjusting the discount rate
Question 9
Marks: 1
Which of the following situations would most likely cause the Fed to increase the money supply?
Choose one answer.
a. when the discount rate is high
b. when the prime rate is low
c. when the economy is in a contraction
d. when the economy is in an expansion
Question 10
Marks: 1
Which of the following actions of the Fed is performed most often?
Choose one answer.
a. adjusting reserve requirements
b. overseeing the national budget
c. conducting open market operations
d. adjusting the discount rate

[ammi]

Question 1
Marks: 1

The Office of Management and Budget does NOT perform which of the following functions?
Choose one answer.
a. prepares the budget
b. vetoes the budget
c. recommends changes in the budget
d. manages the budget
Question 2
Marks: 1
Congress can override the President's veto of the budget by
Choose one answer.
a. a 2/3 majority vote of state governors
b. appealing to the Supreme Court.
c. a 2/3 majority vote
d. adding an amendment to the Constitution
Question 3
Marks: 1
Expansionary fiscal policies are designed to
Choose one answer.
a. slow the economy.
b. have no effect on the economy
c. boost the economy.
d. balance the economy.
Question 4
Marks: 1
When the government increases taxes
Choose one answer.
a. the economy prospers
b. consumers are not affected.
c. consumers have more money to spend
d. the economy slows down.
Question 5
Marks: 1
Which of the following is not one of the results of having a national debt?
Choose one answer.
a. There is more money to invest.
b. There is less money to invest.
c. Interest must be paid to those who buy bonds
d. Funds are diverted from important social programs.
Question 6
Marks: 1
Which of the following is known as the research branch of the Federal Reserve?
Choose one answer.
a. Federal Open Market Committee
b. Federal Advisory Council
c. Interest Rate Board
d. Board of Governors
Question 7
Marks: 1
Which of the following is NOT a function of the Federal Reserve?
Choose one answer.
a. check clearing
b. performing bank examinations
c. enforcing truth in lending laws
d. supervising the New York Stock Exchange
Question 8
Marks: 1
Which of the following is NOT a tool used by the Federal Reserve to implement monetary policy?
Choose one answer.
a. buying and selling bonds
b. adjusting reserve requirements
c. buying and selling foreign stocks
d. adjusting the discount rate
Question 9
Marks: 1
Which of the following situations would most likely cause the Fed to increase the money supply?
Choose one answer.
a. when the discount rate is high
b. when the prime rate is low
c. when the economy is in a contraction
d. when the economy is in an expansion
Question 10
Marks: 1
Which of the following actions of the Fed is performed most often?
Choose one answer.
a. adjusting reserve requirements
b. overseeing the national budget
c. conducting open market operations
d. adjusting the discount rate

1 b
2 c double check this to be sure
3 c
4 d
5 d a and b are not correct because you need to know more info to conclude either
6 b is my guess, google it
7 I don't think they do any of those things
8 c
9 c
10 c

[slaine]

1. b
2 c
3c
4 d
5 b, it will increase public investment,but lower private investment (crowding out)
6 b
7 d, it will do business only with the banking system,not the stock market.
8 c
9 c
10 c.