Create a Quiz. The academic subject for which the text must be created - Economics. It should be for students studying at Year or Grade 11 (...
What to createQuiz
Which subjectEconomics
What age groupYear or Grade 11
What topicFiscal policy
Question typesOpen-ended
Number of questions10
Number of answers5
Correct answersExactly 1
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  1. Define fiscal policy.

  2. What is the main objective of fiscal policy?

  3. Mention the two types of fiscal policy.

  4. What are the tools of fiscal policy?

  5. Explain the difference between expansionary and contractionary fiscal policy.

  6. What happens during an expansionary fiscal policy?

  7. How does government spending affect the economy during an expansionary fiscal policy?

  8. Explain the effects of an increase in taxes during a contractionary fiscal policy.

  9. What happens to inflation during an expansionary fiscal policy?

  10. What are the limitations of fiscal policy?