Which of the Following Is a Major Deficiency of Fiscal

question 107

Multiple Choice

Which of the following is a major deficiency of fiscal policy as a stabilization tool?

• A) Congress is reluctant to make changes in either taxes or expenditures.
• B) The Constitution requires the president to submit and Congress to pass a balanced budget.
• C) Both political and economic factors make it unlikely that changes in fiscal policy will be timed correctly.
• D) A change in fiscal policy exerts major effects on the economy quickly.

Determine the cash effects of transactions involving assets purchases and sales.

Calculate net cash provided by or used in operating activities using the indirect method.

Distinguish between cash receipts and payments within the cash flow statement's sections.

Understand the impact of non-operating items (like gains or losses) on the calculation of net cash flow.

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Definitions:

Physical Activity

Any bodily movement produced by skeletal muscles that require energy expenditure, including activities undertaken while working, playing, or exercising.

Work

A series of tasks or activities performed to achieve a goal, often to earn an income.

Work Simplification

The process of streamlining tasks to improve efficiency and productivity, often by reducing complexity and eliminating unnecessary steps.

Job Context

The physical and social conditions under which work is performed, including organizational culture, coworker relations, and work environment, affecting employees’ attitudes and performance.