Fiscal Policy Is Determined by

question 146

Multiple Choice

Fiscal policy is determined by

• A)the Federal Reserve.
• B)the president and the Federal Reserve.
• C)Congress and the Federal Reserve.
• D)Congress and the president.

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Definitions:

Uncertain Environment

An environment that lacks so much information that it is difficult to assign probabilities to the likely outcomes of alternatives.

Probabilities

The measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.

Nonprogrammed Decision

A decision made in response to situations that are unique, relatively unstructured, and undefined, often requiring creative problem-solving.

New Market

Refers to either a completely unexplored market sector or geographic area where a product, service, or business can expand.