Fiscal Policy Is Implemented By

question 51

Multiple Choice

Fiscal policy is implemented by:

• A)the President of the U.S.
• B)the Senate.
• C)the House of Representatives.
• D)Congress (the House and the Senate).
• E)the Federal ReservE.Congress must approve budgets and develop tax laws.

---

Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, reflecting the interest payments on debt obligations.

Operating Line

A revolving credit facility extended by a bank to a business to fund its day-to-day operations.

Notes Payable

Debt instruments or formal written agreements to pay a specified sum of money at a future date.

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity.