#1
During the Great Depression, which government program aimed to provide employment opportunities for millions of Americans?
Social Security Act
Civilian Conservation Corps
Federal Deposit Insurance Corporation
Works Progress Administration
#2
Which of the following was NOT a key component of Franklin D. Roosevelt's New Deal to combat the economic effects of the Great Depression?
Social Security system
Minimum wage laws
Consumer protection regulations
Prohibition of trade unions
#3
Which government initiative, implemented during the COVID-19 pandemic, aimed to provide financial assistance to individuals and families through direct payments?
CARES Act
Dodd-Frank Act
Sarbanes-Oxley Act
Patriot Act
#4
Which of the following is a key component of the Affordable Care Act (Obamacare), aimed at increasing access to healthcare coverage?
Medicare
Social Security
Medicaid expansion
Defense of Marriage Act
#5
Which of the following government initiatives, established during the 1930s, aimed to provide retirement benefits and unemployment insurance?
Social Security Act
Federal Reserve Act
National Labor Relations Act
Sherman Antitrust Act
#6
What was the primary purpose of the Emergency Banking Act passed in 1933 during the Great Depression?
To regulate the stock market
To provide loans to struggling businesses
To stabilize and restore confidence in the banking system
To establish federal unemployment insurance
#7
Which governmental action was a response to the 2008 financial crisis and aimed to stabilize financial markets by purchasing toxic assets from banks?
Stimulus Package
TARP (Troubled Asset Relief Program)
Dodd-Frank Wall Street Reform and Consumer Protection Act
Quantitative Easing
#8
Which U.S. President signed the Economic Stimulus Act of 2008, providing tax rebates to taxpayers as a response to economic downturn?
George W. Bush
Barack Obama
Bill Clinton
Ronald Reagan
#9
Which government agency was created by the Glass-Steagall Act of 1933 to regulate banking and investment activities?
Federal Reserve
Securities and Exchange Commission (SEC)
Federal Deposit Insurance Corporation (FDIC)
Commodity Futures Trading Commission (CFTC)
#10
What was the primary objective of the Public Works Administration (PWA), established during the New Deal era?
To provide financial assistance to banks
To promote public infrastructure projects and create jobs
To regulate the stock market
To establish social welfare programs
#11
Which of the following is a characteristic of Keynesian economics, often employed during economic crises?
Advocacy for minimal government intervention
Emphasis on reducing government spending during recessions
Belief in the effectiveness of monetary policy over fiscal policy
Support for government spending to stimulate demand
#12
What is the primary aim of fiscal policy during an economic downturn?
To increase inflation
To decrease government spending
To reduce taxes
To stimulate economic growth
#13
What economic concept is central to the implementation of monetary policy during economic downturns?
Inflation targeting
Deflation
Interest rate parity
Liquidity trap
#14
What is the primary objective of expansionary monetary policy during an economic downturn?
To decrease money supply
To increase interest rates
To reduce government spending
To stimulate borrowing and spending
#15
What is the primary objective of counter-cyclical fiscal policy?
To exacerbate economic fluctuations
To stabilize the economy by adjusting government spending and taxation
To promote inflationary pressures
To increase government debt