3. A. Tax
Q1. What does fiscal policy reduces?
B. Salary
C. Schools D. Working Hours
4. A. Complaints
Q2. What causes the fiscal policy to be
implemented?
B. Low Economic Activity
C. Boredom D. Random
5. A. Stable Prices
Q3. What macroeconomics goals cannot
be achieved by using fiscal policy?
B. Full Employment
C. Economic Growth D. Economic Sustainability
6. A. Expansionary
Q4. Which type of fiscal policy is used
when there is high inflation?
B. Contractionary
C. Discretionary D. Pure
7. A. Corporate Tax
Q5. Which are indirect forms of
taxation?
B. Income Tax
C. Property Tax D. Goods and Services Tax
8. A. Increased Government Spending
Q6. What is not a crowding out effect?
B. Decreased Investment
C. Decreased Demand to Borrow Money D. Increased Wages
9. A. increase, increase
Q7. Automatic stabilisers act to
__________ government expenditures
and __________ government revenues
during an expansionary period.
B. increase, decrease
C. decrease, increase D. decrease, decrease
10. A. GDP decreases rapidly
Q8. The budget deficit tends to
decrease when:
B. GDP decreases slightly
C. GDP increases D. GDP remains unchanged
11. A. Real Interest Rate
Q9. The ratio of debt to GDP will be
larger, the lower the:
B. Growth Rate of Output
C. Initial Debt Ratio D. Ratio of the Primary Deficit to GDP
12. A. Operational Lag
Q10. What is the time the economy fully
responds to the new economic
circumstances known as?
B. Recognition Lag
C. Implementation Lag D. Economy Lag
13. Q11. Which of the following would be
described as the administrative lag?
The time required to __________________
A. Know that there is a Recession B. Agree upon a policy remedy
for a Recession
C. Get a particular plan implemented with
the money put into peoples' hands
D. Get the people to spend the money
returned to them through tax cuts
14. A. Aggregate demand moving to the right
Q12. Short-run contractionary Fiscal
Policy would result in:
B. Aggregate supply moving to the right
C. Aggregate demand moving to the left D. Aggregate supply moving to the left
19. Setting up Game
• Use the Edit menu and Replace… to insert questions and answers. In the Find box, type in “Question X” (where X is
the question number, 1 through 15). In the Replace box, type in the question. Then, enter “Answer X-1” and the first
answer, “Answer X-2” and the second answer, etc. (Capitalize as indicated.)
• To set up the 50-50 Lifeline slides (Slides 37-51):
– 1. Select the first answer to be eliminated by clicking on the text of the answer. Select the text and delete it.
(This should leave a blank hexagon.)
– 2.Repeat with the second eliminated answer, and then repeat with each further slide.
• To set up the Answer slides (Slides 21-35):
– 1. Select the hexagon behind the correct answer by right-clicking on the hexagon. (Click above or below the
answer text to avoid selecting the text instead. Once selected, the hexagon should have a rectangular border
around it.) Select Format Autoshape; choose the Colors and Lines tab, choose the Fill color and change its
color to light green. (The green should be provided in the bottom row of colors.)
– 2. Repeat with each further slide.
• Slides 52-66 are the Money Won slides.
• On the title screen, the finger icon will link to a Fastest Finger slide, if you would like to use it. To set up the Fastest
Finger slide (Slide 70), fill in the Fastest Finger question, and the four answers. On the answer slide (Slide 71), replace
each orange question mark with the letter of the appropriate answer in order, starting at the top. Fill in the answer
corresponding to each letter accordingly. Clicking on the ? icon on Slide 70 will go to the answer slide; clicking on the
house icon will link to the main game board. USAGE NOTE: the Fastest Finger question slide includes the music for
Fastest Finger; this music is 25 seconds long. Use the music as a timer; when the music ends, go to the answer slide.
20. Setting up Game
• The Phone-a-Friend lifeline can be used to ask one other student to help out. Clicking on the Phone-a-Friend lifeline
icon will link to a 30-second timer slide. The timer will begin on a mouse-click, and will count down to zero. Once the
slide reaches zero, clicking on the curved arrow icon will return to the previous slide (the question slide). USAGE
NOTE: the question and answers are not visible during the clock countdown, and returning to the question slide
before the clock finishes will reset the clock.
• The Ask-the-Audience lifeline can be used to ask the entire class, who gives their votes for the correct answer by
letter. Clicking on the Ask-the-Audience lifeline icon will link to a chart slide. Clicking on the chart will open
Microsoft Excel; click on the “Enter Scores Here” tab to enter the class votes for each answer, then click on the
“Chart” tab so the chart will be visible. Go to the File menu and choose Close and Return… to return to the slide
show. Clicking on the curved arrow icon will return to the previous slide (the question slide).
• ICONS:
– ? Takes you to the answer slide
– Star Takes you from the answer slide to the Money Won slide
– House Takes you back to the Cash Board
• If using the game for another person or another class, close the game and re-open it (this is to reset the links on the
game board back to orange).
21. A. Tax
Q1. What does fiscal policy reduces?
B. Salary
C. Schools D. Working Hours
22. A. Complaints
Q2. What causes the fiscal policy to be
implemented?
B. Low Economic Activity
C. Boredom D. Random
23. A. Stable Prices
Q3. What macroeconomics goals cannot
be achieved by using fiscal policy?
B. Full Employment
C. Economic Growth D. Economic Sustainability
24. A. Expansionary
Q4. Which type of fiscal policy is used
when there is high inflation?
B. Contractionary
C. Discretionary D. Pure
25. A. Corporate Tax
Q5. Which are indirect forms of
taxation?
B. Income Tax
C. Property Tax D. Goods and Services Tax
26. A. Increased Government Spending
Q6. What is not a crowding out effect?
B. Decreased Investment
C. Decreased Demand to Borrow Money D. Increased Wages
27. A. increase, increase
Q7. Automatic stabilisers act to
__________ government expenditures
and __________ government revenues
during an expansionary period.
B. increase, decrease
C. decrease, increase D. decrease, decrease
28. A. GDP decreases rapidly
Q8. The budget deficit tends to
decrease when:
B. GDP decreases slightly
C. GDP increases D. GDP remains unchanged
29. A. Real Interest Rate
Q9. The ratio of debt to GDP will be
larger, the lower the:
B. Growth Rate of Output
C. Initial Debt Ratio D. Ratio of the Primary Deficit to GDP
30. A. Operational Lag
Q10. What is the time the economy fully
responds to the new economic
circumstances known as?
B. Recognition Lag
C. Implementation Lag D. Economy Lag
31. A. Know that there is a Recession
Q11. Which of the following would be
described as the administrative lag?
The time required to __________________
B. Agree upon a policy remedy
for a Recession
C. Get a particular plan implemented with
the money put into peoples' hands
D. Get the people to spend the money
returned to them through tax cuts
32. A. Aggregate demand moving to the right
Q12. Short-run contractionary Fiscal
Policy would result in:
B. Aggregate supply moving to the right
C. Aggregate demand moving to the left D. Aggregate supply moving to the left
38. A. Complaints
Q2. What causes the fiscal policy to be
implemented?
B. Low Economic Activity
39. A. Stable Prices
Q3. What macroeconomics goals cannot
be achieved by using fiscal policy?
D. Economic Sustainability
40. A. Expansionary
Q4. Which type of fiscal policy is used
when there is high inflation?
B. Contractionary
41. Q5. Which are indirect forms of
taxation?
C. Property Tax D. Goods and Services Tax
42. Q6. What is not a crowding out effect?
C. Decreased Demand to Borrow Money D. Increased Wages
43. Q7. Automatic stabilisers act to
__________ government expenditures
and __________ government revenues
during an expansionary period.
B. increase, decrease
C. decrease, increase
44. Q8. The budget deficit tends to
decrease when:
B. GDP decreases slightly
C. GDP increases
45. Q9. The ratio of debt to GDP will be
larger, the lower the:
B. Growth Rate of Output
C. Initial Debt Ratio
46. A. Operational Lag
Q10. What is the time the economy fully
responds to the new economic
circumstances known as?
B. Recognition Lag
47. Q11. Which of the following would be
described as the administrative lag?
The time required to __________________
A. Know that there is a Recession B. Agree upon a policy remedy
for a Recession
48. A. Aggregate demand moving to the right
Q12. Short-run contractionary Fiscal
Policy would result in:
C. Aggregate demand moving to the left
