The Spending and Taxing Decisions of the Congress and President

question 67

Multiple Choice

The spending and taxing decisions of the Congress and president that affect household and business decisions are called

• A)monetary policy.
• B)deficit reduction policy.
• C)fiscal policy.
• D)None of the above

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Definitions:

Competing Values Framework

A model used to assess organizational culture and effectiveness, which identifies four underlying values that compete with each other: internal focus and integration vs. external focus and differentiation, and flexibility and discretion vs. stability and control.

Adhocracy Culture

An organizational culture characterized by flexibility, employee empowerment, and an emphasis on innovation, often seen in dynamic and creative industries.

Flexibility

The quality of being able to adapt to new, different, or changing requirements.

Discretion

The freedom to decide or act according to one's own judgment.