Which Groups Must Be in Agreement to Implement Fiscal Policy

question 222

Multiple Choice

Which groups must be in agreement to implement fiscal policy?

• A) the Senate, the House of Representatives, and the president
• B) the legislative branch, the president, and the judicial branch
• C) the legislative branch, the president, and the Federal Reserve
• D) the Senate, the House of Representatives, and the Federal Reserve

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Definitions:

Canada Revenue Agency

The federal agency responsible for administering tax laws and various social and economic benefit and incentive programs delivered through the tax system for the Government of Canada.

Simple Interest

A method of calculating interest where the charge is based on the original principal amount and does not compound.

Principal Amount

The original sum of money lent in a loan or invested, excluding any interest or profits.

Accrued Interest

Interest on a loan or bond that has accumulated but not yet been paid.