Monetary and Fiscal Policy

question 55

Multiple Choice

Monetary and fiscal policy

• A)are controlled by the Federal Reserve.
• B)are controlled by the U.S. Treasury.
• C)can and do cause fluctuations in aggregate demand.
• D)do not affect output.

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Definitions:

Societal Culture

The shared customs, beliefs, values, norms, and social behavior that characterize the members of a society or community.

Business Culture

Business culture encompasses the values, beliefs, behaviors, and practices that define the environment within a company and how it conducts its business.

Laws Enacted

Legislation that has been officially approved and implemented by a governing body.

Moral Philosophy

The branch of philosophy concerned with principles of right and wrong behavior, as well as the goodness or badness of human character.