An Austerity Policy Is

question 68

Multiple Choice

An austerity policy is

• A)an increase in the money supply.
• B)an expenditure reduction and expenditure switching policy.
• C)an expansionary fiscal policy accompanied by decreases in taxes, increases in expenditures, or both.
• D)an exchange rate switching policy from a fixed to a flexible exchange rate system.

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Definitions:

Cost Of Goods Sold

The total of all costs used to create a product or service, which has been sold.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including the cost of materials and labor but not distribution or sales costs.

Budgeted Cost

An estimated cost anticipated for a specified period of time or activity.

Raw Materials Purchases

The total cost or volume of raw materials bought by a company for use in production over a specific period of time.