If the Economy Begins to Fall into a Recession,one Would

question 107

Multiple Choice

If the economy begins to fall into a recession,one would expect Congress and the president to conduct ________ policy.

• A) expansionary fiscal
• B) expansionary monetary
• C) contractionary fiscal
• D) contractionary monetary
• E) countercyclical monetary

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Definitions:

Supplies Expense

The cost of consumable items used in the operation of a business, recorded as an expense during the period in which they are consumed.

Adjusted Trial Balance

A trial balance that has been adjusted for any journal entries or corrections, ensuring the accuracy of financial statements.

Net Income

Net income of the company, which is what remains after deducting taxes, expenses, and other costs from its total revenue.

Period

In finance and business, a period refers to a specific duration of time considered for accounting, reporting, or evaluation purposes.