"); document.writeln(""); document.close(); return(false); } function GetResponse(answerIndex, answer) { var listIndex; var responseText; if (listMap.charAt(answerIndex) == "1") { listIndex = answer.selectedIndex; responseText = answer.options[listIndex].text; } else responseText = answer.value; return(responseText); } function ScoreAnswer(answerIndex, responseText) { var listIndex; var answerText; answerText = ansMap[answerIndex]; if (qtypeMap.charAt(answerIndex) == "4") return(NumericCompare(responseText, answerText)); else if (qtypeMap.charAt(answerIndex) == "5") return(MultiCompare(responseText, answerText)); else if (responseText.toUpperCase() == answerText.toUpperCase()) return(true); else return(false); } function BuildPrefixText(answerIndex, responseText, isCorrect) { var text; var listIndex; text = "
"
		if (isCorrect)
			text += ""
		else
			text += ""

		if (listMap.charAt(answerIndex) == "1") {
			if (responseText.length == 0)
				responseText = " ";
			text += " " + responseText + " ";
		}

		text += "
" return(text); } function StripSpaces(s) { var len; var i; len = s.length; for (i=len - 1; i >= 0 && s.charAt(i) == " "; --i) len = i; if (len == 0) s = ""; else if (len != s.length) s = s.substring(0, len); return(s); } function TranslateHtmlString(text) { var newText; var replaceString; var position; var length; var breakPos; var skipExtra; var i; newText = ""; position = 0; length = text.length; while (position < length) { skipExtra = 0; breakPos = -1; for (i=position; i < length && breakPos < 0; ++i) { switch(text.charAt(i)) { case '>': replaceString = ">"; breakPos = i; break; case '<': replaceString = "<"; breakPos = i; break; case '&': replaceString = "&"; breakPos = i; break; case '\r': if ((i + 1) < length && text.charAt(i + 1) == '\n') skipExtra = 1; replaceString = "
"; breakPos = i; break; case '\n': replaceString = "
"; breakPos = i; break; case ' ': if ((i + 1 < length) && text.charAt(i + 1) == ' ') { replaceString = " "; breakPos = i; } break; } } if (breakPos < 0) { newText += text.substring(position, length); position = length; } else { if (breakPos > position) newText += text.substring(position, breakPos); newText += replaceString; position = breakPos + 1 + skipExtra; } } return(newText); } function FixMCNotes(notesText, studentText) { var displayText; var searchText; var upperNotes; var charCode; var startIndex; var endIndex; displayText = ""; if (studentText.length > 0 && notesText.length > 0) { upperNotes = notesText.toUpperCase(); studentText = studentText.toUpperCase(); charCode = studentText.charCodeAt(0); searchText = "/" + String.fromCharCode(charCode) + "/"; startIndex = upperNotes.indexOf(searchText); if (startIndex >= 0) { startIndex += searchText.length; searchText = "/" + String.fromCharCode(charCode + 1) + "/"; endIndex = upperNotes.indexOf(searchText, startIndex); if (endIndex < startIndex) endIndex = notesText.length; displayText = notesText.substring(startIndex, endIndex); } else if (notesText.charAt(0) != "/") displayText = notesText; } return(displayText); } function NumericCompare(s1, s2) { var s1Sign; var s2Sign; var tempString; var decimalCount; var decimalPos; var numToDelete; var len; var ch; var i; s1.toUpperCase(); s2.toUpperCase(); if (s1 == s2) return(true); else { s1Sign = 1; s2Sign = 1; tempString = ""; for (i=0; i < s1.length; ++i) { ch = s1.charAt(i); if (ch == "-" && tempString.length == 0) s1Sign = -1; else if ((ch >= "0" && ch <= "9") || ch == ".") tempString += ch; } s1 = tempString; decimalCount = 0; decimalPos = -1; for (i=0; i < s1.length; ++i) { if (s1.charAt(i) == '.') { ++decimalCount; if (decimalPos < 0) decimalPos = i; } } if (decimalCount == 1 && decimalPos >= 0) { len = s1.length; for (i=len - 1; i >= decimalPos; --i) { if (i == decimalPos || s1.charAt(i) == '0') len = i; else break; } if (len < s1.length) s1 = s1.substring(0, len); if (s1.length == 0) s1 = "0"; } numToDelete = 0; for (i=0; i < s1.length; ++i) { if (s1.charAt(i) == "0") ++numToDelete; else break; } if (numToDelete > 0) { if (numToDelete == s1.length) --numToDelete; if (numToDelete > 0) s1 = s1.substring(numToDelete); } ///////////////////////////////////////////// tempString = ""; for (i=0; i < s2.length; ++i) { ch = s2.charAt(i); if (ch == "-" && tempString.length == 0) s2Sign = -1; else if ((ch >= "0" && ch <= "9") || ch == ".") tempString += ch; } s2 = tempString; decimalCount = 0; decimalPos = -1; for (i=0; i < s2.length; ++i) { if (s2.charAt(i) == '.') { ++decimalCount; if (decimalPos < 0) decimalPos = i; } } if (decimalCount == 1 && decimalPos >= 0) { len = s2.length; for (i=len - 1; i >= decimalPos; --i) { if (i == decimalPos || s2.charAt(i) == '0') len = i; else break; } if (len < s2.length) s2 = s2.substring(0, len); if (s2.length == 0) s2 = "0"; } numToDelete = 0; for (i=0; i < s2.length; ++i) { if (s2.charAt(i) == "0") ++numToDelete; else break; } if (numToDelete > 0) { if (numToDelete == s2.length) --numToDelete; if (numToDelete > 0) s2 = s2.substring(numToDelete); } if (s1Sign == s2Sign && s1 == s2) return(true); } return(false); } function MultiCompare(responseText, answerText) { var startIndex; var endIndex; var partialText; responseText = responseText.toUpperCase(); answerText = answerText.toUpperCase(); startIndex = 0; do { endIndex = answerText.indexOf("\r", startIndex); if (endIndex < 0) partialText = answerText.substring(startIndex); else partialText = answerText.substring(startIndex, endIndex); if (responseText == partialText) return(true); startIndex = endIndex + 1; } while (endIndex > 0); return(false); } function FixMTF(f) { var text; var letter; var theList; var listIndex; var number; var i; for (i=0; i < f.length; ++i) { if (f.elements[i].name.indexOf("MTF:") == 0) { number = parseInt(f.elements[i].name.substring(4), 10); theList = f["MTF-" + number + "-1"]; if (theList) { listIndex = theList.selectedIndex; letter = theList.options[listIndex].text; } else letter = ""; text = StripSpaces(f["MTF-" + number + "-2"].value); if (text == "") f.elements[i].value = letter; else f.elements[i].value = letter + "," + text; } } } function AllowReset() { return(window.confirm("Do you want to clear all of your answers?")); } // -->
 
Name: 
 

Chapter 15 Practice Quiz: Economic Stability



Multiple Choice
Identify the letter of the choice that best completes the statement or answers the question. Five points each.
 

1. 

Who is primarily responsible for fiscal policy?
a.
President
c.
Council on Economic Advisors
b.
Federal Reserve
d.
Congress
 

2. 

Unlike demand-side economics, supply-side economics
a.
advocates reduced government involvement in business.
b.
advocates increased government involvement in business.
c.
emphasizes increasing consumer purchasing power.
d.
urges higher taxes to increase spending on government programs.
 

3. 

If the economy is experiencing rapid growth and rising prices, what fiscal policy might Congress pursue to achieve economic stability?
a.
increase taxes and decrease government spending
b.
decrease taxes and increase government spending
c.
raise the discount rate
d.
lower the discount rate
 

4. 

When the economy is experiencing a GDP gap, which of the following is true?
a.
All resources are being used efficiently.
c.
Prices are rising.
b.
Some resources are not being used fully.
d.
The economy is growing.
 

5. 

Some people believe that a weak economy will result in
a.
a higher crime rate.
c.
higher taxes.
b.
increased production.
d.
expansion of municipal services.
 

6. 

Deregulation is most closely associated with
a.
Monetarist economics.
c.
demand-side economics.
b.
Keynesian economics.
d.
supply-side economics.
 

7. 

How might the Federal Reserve attempt to stimulate a sluggish economy?
a.
Decrease taxes and increase spending.
b.
Increase taxes and decrease spending.
c.
Buy government securities and lower the discount rate.
d.
Sell government securities and raise the discount rate.
 

8. 

When the economy is in an expansion, what is likely to happen to “automatically stabilize” the economy?
a.
increased government spending
c.
increased money supply
b.
decreased tax rates
d.
decreased government spending
 



 
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