A Fiscal Action That Is Triggered by the State of the Economy

question 166

Multiple Choice

A fiscal action that is triggered by the state of the economy is called

• A) generational fiscal policy.
• B) automatic fiscal policy.
• C) discretionary fiscal policy.
• D) the government expenditure multiplier.

Recognize the implications of neuroscientific research on memory for practical memory improvement techniques.

Appreciate the distributed nature of memory storage across the brain.

Know the difference between procedural and episodic memory types and how they are affected by brain conditions.

Understand the importance of structural and functional changes in neurons in memory formation.

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Definitions:

Journalizing

The process of recording business transactions in the accounting journals as part of the bookkeeping process.

Transaction

An agreement or exchange between two parties that is recorded and has an economic impact on the finances of a business.

Journal

A detailed record where all financial transactions of a business are initially recorded, before being transferred to the general ledger.

Posting Reference

A notation or code that links journal entries to the corresponding ledger accounts, facilitating tracking and reviewing of financial transactions.