Describe Two Examples of Why You Would Need to Use

question 34

Essay

Describe two examples of why you would need to use the PMT function.

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Definitions:

Fiscal Policy

The setting of the level of government spending and taxation by government policymakers

Stabilize The Economy

Government or central bank policies aimed at maintaining economic growth, curbing inflation, and reducing unemployment to prevent economic recessions or depressions.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months.

Society

A structured community of people bound together by similar traditions, institutions, or nationality.