A Fiscal Action That Is Triggered by the State of the Economy

question 242

Multiple Choice

A fiscal action that is triggered by the state of the economy is called

• A) the government expenditure multiplier.
• B) discretionary fiscal policy.
• C) automatic fiscal policy.
• D) generational fiscal policy.

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Definitions:

Outsourcing

The practice of hiring third parties to handle tasks traditionally performed within the company, often to save costs or access specialized expertise.

Payroll Administration

The process involved in managing the compensation of employees, including salary disbursement, tax withholding, and record-keeping.

Benefits Administration

This involves managing and overseeing an organization's employee benefits program, including health insurance, retirement plans, and other perks, ensuring compliance and satisfaction.

Employee's Skills

The abilities, knowledge, and competencies that individuals bring to their workplace roles, contributing to the organization's success.