Countercyclical Policy Will

question 67

Multiple Choice

Countercyclical policy will:

• A) offset the size of the annual government budget deficits with increased income.
• B) stabilize the size of the annual government budget deficits.
• C) increase the size of the ups and downs in the business cycle.
• D) reduce the size of the ups and downs in the business cycle.

---

Definitions:

Collaborative Bargaining

A negotiation process where employers and employees work together to reach agreements that satisfy both parties' needs and interests.

Joint Consultation

An approach where employers and employees deliberate together on work-related issues and decisions.

National Labor Policy

The overarching framework of laws and regulations that govern labor and employment practices within a country.

Codetermination

A practice in corporate governance that allows workers to participate in management decisions and company board representation.