When Policy Makers Want to Get Out of a Recession

question 69

Multiple Choice

When policy makers want to get out of a recession, they might respond with

• A) EMP.
• B) borrowing from other countries.
• C) lowering taxes.
• D) none of the above.

---

Definitions:

Principal Debtor's

Pertains to the main individual or entity obligated to repay a debt or loan.

Lack of Capacity

The legal inability of an individual or entity to engage in certain activities or enter into contracts due to age, mental state, or other disqualifications.

Surety

Surety is a financial guarantee provided by a third party, promising to pay a debt or perform an obligation if the primary party fails to do so.

Electronic Chattel Paper

A digital form of chattel paper, which includes any record or evidence of an obligation and a security interest in specific goods.