Contractionary Fiscal Policy Is Used to Decrease Aggregate Demand in an Attempt

question 148

True/False

Contractionary fiscal policy is used to decrease aggregate demand in an attempt to fight rising inflation.

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Definitions:

Employment Act

Legislation designed to regulate employment conditions, rights, and duties of employers and employees.

Forty Years

A time period of forty calendar years, which can signify significant duration in contexts such as careers, history, or measurements of time.

Fair Labor Standards Act of 1938

A U.S. law that established minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.

Overtime Pay

Additional compensation required by law to be paid to eligible employees working beyond the standard work hours.