The Use of Government Taxes and Spending to Alter Macroeconomic

question 93

Multiple Choice

The use of government taxes and spending to alter macroeconomic outcomes is known as

• A)Monetary policy.
• B)Fiscal policy.
• C)Income policy.
• D)Foreign trade policy.

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Definitions:

Damages

Monetary compensation awarded by a court for loss or injury caused by the unlawful act or negligence of another.

Deductible

An amount that a policyholder must pay out of pocket before an insurance provider will cover any expenses.

Insured

An individual or entity covered by an insurance policy, receiving financial protection or reimbursement against losses from an insurer.

Loss

The state or condition of not having something anymore, often referring to the disadvantage suffered following a particular event or action.