AnswersMO-EconomicsMonetary Policy: The Federal Reserve

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22
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Under an expansionary taxation policy, the government tries to stimulate economic growth by

A
reducing deficits.
B
reducing taxes.
C
reducing demand.
D
reducing spending.
23
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What responsibility does the mayor or city manager have in the budgeting process?

A
vetoing line-items in the budget
B
approving or rejecting the budget
C
putting the budget into effect
D
writing and presenting the budget
24

Which method of increasing government revenue has an immediate effect?

A
raising the minimum wage
B
lowering income taxes
C
increasing the sales tax
D
giving property tax breaks

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