Discretionary Fiscal Policy Is Often Initiated on the Advice of the

question 51

Multiple Choice

Discretionary fiscal policy is often initiated on the advice of the

• A)Congressional Budget Office.
• B)Council of Economic Advisers.
• C)Joint Economic Committee.
• D)Federal Reserve Board.

---

Definitions:

Profits

The financial return that exceeds the input costs associated with generating revenue, a fundamental measure of the success and viability of a business venture.

Franchise Fee

An upfront payment made by a franchisee to a franchisor for the rights to use the franchisor's brand and business model.

Shirking

The act of avoiding work or responsibilities, often covertly, within an employment context.

Franchising

A business model allowing individuals or entities to operate a business under the name and system of an established brand in exchange for a fee and ongoing royalties.