Match Each Term with Its Definition

question 49

Multiple Choice

Match each term with its definition.
-Cessation of employment initiated by the employer

• A)sign-in sheet
• B)evaluation
• C)letter of resignation
• D)termination
• E)longevity
• F)benefits
• G)accountant
• H)reimbursement
• I)building inspection
• J)reduced schedule

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Definitions:

Active Macroeconomic Policy

Economic strategies implemented by the government or central bank to stabilize the economy by adjusting spending, taxes, and interest rates.

Expansionary Gap

A situation where the actual output in an economy is greater than the potential output due to high demand.

Nominal Wages

The amount of money an employee is paid before adjustments for inflation, reflecting the current value of money.

Real Wages

The purchasing power of wages, adjusted for inflation, showing how many goods and services can be bought with a unit of labor.