China Is Experiencing Rapid Economic Growth and This Stimulates Demand

question 33

True/False

China is experiencing rapid economic growth and this stimulates demand for production and business services.

---

Definitions:

Great Depression

A severe worldwide economic depression that took place during the 1930s, beginning in the United States.

Tax Cut

A reduction in the amount of taxes imposed by the government.

Fiscal Policy

involves government spending and tax policies to influence economic conditions, including levels of employment, inflation, and economic growth.

Government Purchases

Expenditures by the government on goods and services that directly affect the economy, including infrastructure and public projects.