Persons Who Argue Against the Deliberate Use of Fiscal and Monetary

question 162

Multiple Choice

Persons who argue against the deliberate use of fiscal and monetary policies to smooth out the business cycle are referred to as

• A) nonactivists.
• B) fine-tuners.
• C) activists.
• D) b and c
• E) none of the above

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Definitions:

Work Sheet

A document or tool used in accounting to gather information and perform calculations for preparing financial statements and other reports.

Retained Earnings

The portion of a company's profits not distributed as dividends but retained for reinvestment in the business or to pay off debt.

Income Summary

An account used in the closing process during the accounting cycle that sums up all revenues and expenses for the period to determine the net income or loss for the period.

Retained Earnings

The sum of a company's earnings up to the present, reduced by any shareholder dividends or distributions.