An Example of Fiscal Policy Is

question 268

Multiple Choice

An example of fiscal policy is

• A)a reduction in government spending.
• B)a reduction in investment spending by the private sector.
• C)an increase in autonomous spending by consumers.
• D)an increase in Social Security spending by the elderly.

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Definitions:

Tort Action

A lawsuit brought to obtain a private civil remedy for harm caused by wrongful conduct.

Strict Liability

A legal doctrine that holds a party responsible for their actions or products without the plaintiff having to prove negligence or fault.

Product Liability

The legal liability of manufacturers, sellers, and lessors of goods to consumers, users, and bystanders for injuries or damages that are caused by the goods.

Misrepresentation

The act of providing false or misleading information, often in a contractual context where one party deceives another.