Government Programs That Automatically Implement Countercyclical Fiscal Policy in Response

question 52

Multiple Choice

Government programs that automatically implement countercyclical fiscal policy in response to economic conditions are called automatic

• A) stabilizers.
• B) policies.
• C) balancers.
• D) equalizers.
• E) holders.

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Definitions:

Interest Revenue

Income earned by a company from the interest it charges on loans or from interest-bearing investments.

Earned

A term referring to revenues or incomes that have been generated from business activities or services provided.

Bank Charges

Fees assessed by a bank for its services or as penalties for not meeting specific account requirements.

Bank Statement Adjustment

Bank Statement Adjustment involves correcting discrepancies between a company’s accounting records and its bank account statement, to reflect the accurate amount of cash available.