A Fiscal Action That Is Initiated by an Act of Congress

question 167

Multiple Choice

A fiscal action that is initiated by an act of Congress is called

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

---

Definitions:

Promotion

Promotion involves activities designed to communicate the merits of a product or service with the aim to persuade target customers to purchase or consume more.

Financial Resources

Financial resources represent the funds a business has available for use in its operations, including cash, investments, and lines of credit.

Startup

A young company founded to develop a unique product or service and bring it to market.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and efficiency of a business.