Economic Events and Financial Concepts in US History Quiz Test your knowledge of key events, policies, and figures in US economic history with this macroeconomics quiz. Dive into topics like the Great Depression, fiscal policy, and monetary policy.
#1
What is the main function of the Securities and Exchange Commission (SEC)?Maintaining monetary policy
Regulating stock exchanges
Setting interest rates
Issuing currency
#2
Which of the following is NOT considered a fiscal policy tool?Government spending
Taxation
Monetary policy
Borrowing
#3
Which economic concept refers to the increase in the general price level of goods and services over time?Deflation
Stagflation
Inflation
Hyperinflation
#4
What is the term used to describe the total market value of all final goods and services produced within a country in a given period?Consumer Price Index (CPI)
Gross National Product (GNP)
Gross Domestic Product (GDP)
Aggregate Demand (AD)
#5
What is the term for a situation where a country imports more goods and services than it exports?Trade surplus
Trade deficit
Balance of payments
Current account surplus
#6
Which event marked the end of the Great Depression in the United States?Stock Market Crash of 1929
Signing of the Treaty of Versailles
Attack on Pearl Harbor
Entry into World War II
#7
Who was the Federal Reserve Chairman during the 2008 financial crisis?Ben Bernanke
Alan Greenspan
Jerome Powell
Janet Yellen
#8
Which of the following is NOT a leading economic indicator used to predict economic trends?Consumer Price Index (CPI)
Gross Domestic Product (GDP)
Retail Sales
Unemployment Rate
#9
What was the primary objective of the New Deal programs initiated during the Great Depression?To regulate the banking sector
To reduce unemployment and stimulate economic recovery
To establish a gold standard
To increase taxes on the wealthy
#10
Which act, passed in 1933, aimed to restore confidence in the banking system by insuring deposits?Federal Reserve Act
Glass-Steagall Act
Securities Act
Banking Act (Glass-Steagall Act)
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