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Question 31 (Mandatory) (2 points) Saved Listen Which of the following is not a component of fiscal policy? a) Balancing the budget deficit Ob) Foreign

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Question 31 (Mandatory) (2 points) Saved Listen Which of the following is not a component of fiscal policy? a) Balancing the budget deficit Ob) Foreign exchange market intervention O c) Increasing taxes O d) Decreasing government spendingQuestion 32 {Ma ndatory] [2 points) v" Saved an Figure 12-2 Balance Sheet Growth Bank Bank of the Valley $110,000 0100.000 $110,000 Refer to Figure 12-2. If the reserve requirement is 10% and a customer withdraws $5,000 from the Growth Bank what amount of excess reserves exist at that bank? 0 a) $1500 0 hi $2500 0 0) $9,000 @ 0] $6,500 Question 33 {Mandatory} {2 points] all are 3"2 '3" Which of the below is a fiscal policy,f action that could shift the AD curve from AD to ADE? O a] A purchase of securities by the Fed O b] A sale of securities by the Fed O C} A reduction in federal government spending 0 d} A tax cut Question 34 {Mandatory} {2 points] J Saved an Figure 13-1 Balance Sheet of Bank National \" Vault Cash 1325 $5,000 DepositinFed 3.300 5.450 Total Liabilities Refer to Figure 13-1. If the Fed changed the reserve requirement from 10 percent to 5 percent, the bank's excess reserves would 0 a] increase by $250. 0 b] increase by $10,000. 0 C} decrease by $250. 6) 5\" increase by $2,360. Question 35 {Mandatory} {2 points] v" Saved an The body responsible for carrying out monetary policy in the United States is the O a] U.S. Treasury. G) b} Federal Reserve Open Market Committee. 0 C} U.S President. 0 5\" U.S. Congress. Question 36 {Mandatory} {2 points] v' Saved an A single bank may create money by O a] lending its total reserves. 0 b] printing new money. 6) C} lending its excess reserves times the deposit expansion multiplier. O C\" lending its excess reserves. Question 37 (Mandatory) (2 points) Saved () Listen The money multiplier is equal to a) 1 divided by the required reserve ratio. O b) 1 divided by the excess reserves. O c) total reserves minus demand deposits. O d) total required reserves. Question 38 (Mandatory) (2 points) Saved 1) Listen If Apu earns $80,000 per year and pays $20,000 in taxes, while Moe earns $100,000 and pays $22,000 in taxes, their tax system would best be described as a) non-Simpsonian. O b) progressive. O c) proportional . d) regressive.Question 39 {Mandatory} {2 points] x! Saved an In 2021 the U.S. public debt was apDrOXimatEiY O a) 0. 0 b1 100%. G) c} $30 trillion. Q d} $3.5 trillion. Question 40 {Mandatory} {2 points] v' Saved all As of 2021, the total outlays of the federal government accounts for approximately what percentage of U.S. GDP? 0 a} 100% 6) hi 20% O c} 130% Q d} 53% Question 41 {Mandatory} {2 points] v" Saved an The actual expansion of the money supply is likely to be a] greater than the amount indicated by the deposit expansion multiplier because banks prefer to keep excess cash. 0 b] smaller than the amount indicated by the deposit expansion multiplier because banks are not permitted to lend excess reseryes. c} smaller than the amount indicated by the deposit expansion multiplier because of cash leakages out of the banking system. 0 cl} greater than the amount indicated by the deposit expansion multiplier because of cash injections into the banking system. Question 42 {Mandatory} {2 points] all A tight monetary policy by the Fed will 0 a] increase the equilibrium quantity of money. 0 bl increase investment spending. 0 Cl increase the price level. 0 5\" decrease equilibrium output

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