When the Government Attempts to Stabilize the Economy by Changing

question 34

True/False

When the government attempts to stabilize the economy by changing taxes or government expenditures,it is using the fiscal policy.

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Definitions:

Barter

The direct exchange of goods and services without the use of money as a medium of exchange.

Money

A medium of exchange that facilitates the sale, purchase, or trade of goods between parties.

Money

A medium of exchange that is widely accepted in transactions for goods and services and repayment of debts.

Wealth

The total value of all financial assets and physical possessions owned by an individual or entity, minus any debts.