USEconomic Policy Actions Are Directed Toward the Four General Goals

question 78

True/False

U.S.economic policy actions are directed toward the four general goals of economic growth, high employment, price stability, and balance in international transactions.

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Definitions:

FICA Tax

Federal Insurance Contributions Act tax, which is a United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.

Federal Income Tax

A tax levied by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Medical Insurance

An insurance policy that covers the cost of medical and surgical treatments for the policyholder.

FICA Tax

Federal Insurance Contributions Act tax; a U.S. payroll tax funding Social Security and Medicare, paid by both employees and employers.