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Fiscal Policy Actions That Are Intended to Have Long-Run Effects

question 61

Multiple Choice

Fiscal policy actions that are intended to have long-run effects attempt to increase ________ through changing ________.


Definitions:

Salaries Payable

A liability account representing the amount of wages owed to employees for work performed but not yet paid.

Liability Account

A financial accounting term representing the debts or obligations of a company incurred during business operations.

Asset Account

An account on a company's balance sheet that represents the value of all assets that the company owns.

Unearned Rent

Income received for rent that has not yet been earned because the period covered by the payment has not yet passed.

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