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Robin has started her own online consulting firm. While she recognizes the risks involved in operating a business, she is still willing to invest her time, effort, and money in hopes of earning a profit. Robin is an example of an entrepreneur.
Fiscal Policy
Government policies regarding taxation and spending that influence economic conditions.
Rational Expectations
The hypothesis that individuals form forecasts about the future based on all available information in an unbiased and logical manner.
Monetary
Pertaining to money, including aspects related to money supply, banking, and monetary policy used by a government to influence an economy.
Fiscal Policy
Government adjustments in spending levels and tax rates to monitor and influence a nation's economy.
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