Which of These Is(are) True? I

question 233

Multiple Choice

Which of these is(are) true? I. Increased use of technology has enabled companies to use fewer workers, contributing to jobless recoveries.
II) The use of fiscal and monetary policy to address a jobless recovery will not lead to spending by consumers and to firms being crowded out by government spending.
III) Increasing taxes to reduce the national debt is an appropriate policy to address a jobless recovery.

• A) I only
• B) II only
• C) III only
• D) I, II, and III only

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Definitions:

Control Account

An account used in accounting to summarize the total balances of multiple individual accounts, facilitating internal checks and balances.

Special Journals

Customized accounting journals used for recording and categorizing specific types of transactions such as sales, purchases, and cash receipts in an efficient manner.

General Journal

A fundamental accounting record where all transactions are initially documented through journal entries in chronological order.