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[chadburne48]

Expansionary fiscal policies are designed to
A. boost the economy.
B. slow the economy.
C. balance the economy.
D. have no effect on the economy.
When the government increases taxes
A. the economy prospers.
B. consumers are not affected.
C. consumers have more money to spend.
D. the economy slows down.
Which of the following is known as the research branch of the Federal Reserve?
A. Interest Rate Board
B. Board of Governors
C. Federal Advisory Council
D. Federal Open Market Committee
Which of the following situations would most likely cause the Fed to increase the money supply?
A. when the discount rate is high
B. when the prime rate is low
C. when the economy is in an expansion
D. when the economy is in a contraction
Which of the following is NOT a function of the Federal Reserve?
A. check clearing
B. enforcing truth in lending laws
C. performing bank examinations
D. supervising the New York Stock Exchange

Congress can override the President's veto of the budget by
A. appealing to the Supreme Court.
B. a 2/3 majority vote.
C. adding an amendment to the Constitution.
D. a 2/3 majority vote of state governors.