Question

1. __ __ uses monetary policy to control the flow of money in the economy.

a. congress
c. g8 nations
b. the national security council
d. the federal reserve

1. __ citizens may use a(n) __ to bypass their legislature in order to get an amendment on the ballot.

a. preemption
c. commission
b. initiative
d. recall

1. __ the __ supreme court ruling clarified congress’ control over interstate trade by ruling that congress could limit states’ rights to tax navigation between states.

a. gibbons v. ogden
c. morrison v. united states
b. south dakota v. dole
d. katzenbach v. mcclung

1. ____ which of these actions can the federal reserve do to discourage borrowing?

a. increase the federal budget
c. decrease the discount rate
b. decrease the federal budget
d. increase the discount rate

1. __ according to the economic theories of john maynard keynes, the best way to avoid or lessen the impact of a recession is to __.

a. cut taxes on businesses
b. institute price controls
c. stimulate the national economy with government spending
d. call for elections for a new presidential administration

1. __ u.s. ally __ is the only democracy in the middle east and a partner in fighting national security threats.

a. israel
c. iran
b. lebanon
d. egypt

1. __ the __ is the blending of executive and legislative power into one body.

a. board of supervisors form of government
b. council - manager form of government
c. city - commission form of government
d. mayor - council form of government

1. __ the __ measures a country’s standard of living and production.

a. living adjustment calculator
c. total standard index
b. national production index
d. gross domestic product

Explanation:

1. Identifies the U.S. body responsible for monetary policy.
2. Defines the process for citizens to place amendments on ballots.
3. Matches the Supreme Court case about interstate trade regulation.
4. Identifies Federal Reserve action to discourage borrowing.
5. States Keynesian economic policy for recessions.
6. Names the U.S. ally and Middle Eastern democracy.
7. Identifies the government structure with merged executive/legislative power.
8. Names the metric for a country's living standard and production.

Answer:

1. D. The Federal Reserve
2. B. initiative
3. A. Gibbons v. Ogden
4. D. increase the discount rate
5. C. stimulate the national economy with government spending
6. A. Israel
7. C. city-commission form of government
8. D. gross domestic product