The Recognition by a Governmental or Professional Association That an Individual's

question 23

Multiple Choice

The recognition by a governmental or professional association that an individual's expertise meets the standards of that group is referred to as a ___________.

• A) license
• B) registration
• C) diploma
• D) certification

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Definitions:

Full Employment

The condition in which all available labor resources are being used in the most economically efficient way, typically characterized by the absence of cyclical unemployment.

Policymakers

Individuals or groups responsible for making decisions on public policy in various areas like economy, education, and health.

Stabilize

To make or become stable or more stable; in economic terms, to reduce fluctuations in economic activity.

Federal Reserve Act

A U.S. legislation in 1913 that established the Federal Reserve System as the central banking system of the United States, designed to provide the country with a safer, more flexible, and more stable monetary and financial system.