Macroeconomic Policy Is

question 106

Multiple Choice

Macroeconomic policy is

• A) the set of laws passed since the Great Depression to influence the macroeconomy.
• B) policy enacted by corporations to control prices and output in the macroeconomy.
• C) an adjustment of the money supply to influence the macroeconomy.
• D) the use of government's budget tools,government spending,and taxes to influence the macroeconomy.
• E) all government acts meant to influence the direction of the macroeconomy.

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Definitions:

Variable Costs

Expenditures that adjust according to the quantity of goods or services produced by an enterprise.

Fixed Costs

Regular outgoings that stay the same whether production or sales rates increase or decrease, for instance, rental costs or salary payments.

Net Income

This refers to the total profit of a company after all expenses and taxes have been deducted from total revenue.

Variable Cost

Costs that vary in proportion to the volume of goods or services produced, such as materials and labor.