By Using Restrictive Fiscal Policy During the Great Depression,the Government

question 2

True/False

By using restrictive fiscal policy during the Great Depression,the government improved the economic situation.

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Definitions:

Liability Account

An accounting record that tracks the monies owed by a company to outside parties or obligations that will result in future outflows of resources.

Revenue Account

An account that tracks the income generated from normal business operations over a certain period.

Sales Taxes

Taxes imposed by governments on the sale of goods and services, collected by retailers and passed on to tax authorities.

Product Service

A term typically referring to the offering or provision of products and services by a business.