6.02 Policy Realms

21 February 2023
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question
Which of the following is not a goal of federal economic policy?
answer
the Federal Reserve
question
What economic policy uses government spending to manage the business cycle?
answer
fiscal policy
question
Which of these phrases best describes the business cycle?
answer
a recurring cycle of booms and busts, recoveries and recessions
question
What is the primary tool used by the Federal Reserve when it responds to economic booms and recessions?
answer
buying and selling bonds in open market operations
question
What are policies that affect the general welfare of the people called?
answer
social policies
question
What was the New Deal?
answer
a collection of social programs put together under President Franklin Roosevelt in the 1930s to lessen human misery while ending the Great Depression
question
Which of the following items is not a major component of Social Security?
answer
Federal Emergency Relief Administration (FERA)
question
What foreign policy tool provides the nation with partners it can rely on in times of crisis?
answer
alliances
question
Which is not an example of U.S. foreign policy?
answer
President Jackson threatening South Carolina with military action
question
Which president moved away from prevention and preemption to the foreign policy tools of negotiation and diplomacy?
answer
Barack Obama