Fiscal Policy Involves Increases or Decreases in

question 149

Multiple Choice

Fiscal policy involves increases or decreases in

• A) the money supply.
• B) interest rates.
• C) government spending and taxes.
• D) exports and imports.

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Definitions:

Labor Union

An organization of workers that aims to negotiate with employers for better wages, working conditions, and benefits.

Efficiency Wages

A concept in economics where employers pay higher than the market equilibrium wage to increase worker productivity, loyalty, and quality.

Labor Unions

Organizations representing the collective interests of workers in negotiations with employers over wages, benefits, and working conditions.

Surplus

The amount by which production, resources, or inventory exceeds the actual demand or use.