The Impact of Fiscal Policy Is

question 3

Multiple Choice

The impact of fiscal policy is

• A) magnified because of crowding out and weakened because of crowding in.
• B) magnified because of crowding in and weakened because of crowding out.
• C) magnified because of crowding out and crowding in.
• D) weakened because of crowding out and crowding in.

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Definitions:

Minimum Wage

The lowest hourly, daily, or monthly remuneration that employers may legally pay to workers.

Federal Minimum Wage

The lowest legal hourly wage that employers can pay to workers in the United States.

States

Governments that exercise authority and governance over defined geographic territories and populations.

Wealth Holders

Individuals or entities that possess a substantial amount of assets or capital.