Credit and Loans

Question 1

Which statements accurately describe debts and deficits? Select all that apply.The deficit is the amount a government spends above what it brings in.The government’s debt represents how much it owes from borrowing to pay for expenditures.Deficits cause debt to decrease.Deficits cause debt to increase.Debt is free and has few consequences for the government.Debt requires a government to pay back more than it has borrowed.

Revolt · Accepted Answer

A: The deficit is the amount a government spends above what it brings in.; B: The government’s debt represents how much it owes from borrowing to pay for expenditures.; D: Deficits cause debt to increase.; F: Debt requires a government to pay back more than it has borrowed.

Question 2

How does this graph show the importance of government spending to millions of Americans?

Revolt · Accepted Answer

C: The largest portion is in the form of direct payments to workers and citizens.

Question 3

A contractionary fiscal policy can inflation and unemployment and interest rates.

Revolt · Accepted Answer

B: reduce

Question 4

When governments spend to improve education or health care, they are focusing more on .

Revolt · Accepted Answer

B: social needs

Question 5

Which statements accurately describe debts and deficits? Select all that apply.The deficit is the amount a government spends above what it brings in.The government’s debt represents how much it owes from borrowing to pay for expenditures.Deficits cause debt to decrease.Deficits cause debt to increase.Debt is free and has few consequences for the government.Debt requires a government to pay back more than it has borrowed.

Revolt · Accepted Answer

A: The deficit is the amount a government spends above what it brings in.; B: The government’s debt represents how much it owes from borrowing to pay for expenditures.; D: Deficits cause debt to increase.; F: Debt requires a government to pay back more than it has borrowed.

Question 6

How does this graph show the importance of government spending to millions of Americans?

Revolt · Accepted Answer

C: The largest portion is in the form of direct payments to workers and citizens.

Question 7

A contractionary fiscal policy can inflation and unemployment and interest rates.

Revolt · Accepted Answer

A: increase

Question 8

When governments spend to improve the unemployment rate or increase GDP, they are focusing more on .

Revolt · Accepted Answer

A: economic needs

Question 9

A contractionary fiscal policy can inflation and unemployment and interest rates.

Revolt · Accepted Answer

A: increase

Question 10

An expansionary fiscal policy can the number of jobs and can inflation and reduce interest rates.

Revolt · Accepted Answer

A: increase

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