The American Recovery and Reinvestment Act of 2009 Did NOT

question 18

Multiple Choice

The American Recovery and Reinvestment Act of 2009 did NOT include

• A)major reductions in individual and business taxes.
• B)measures to limit teacher layoffs and cutbacks in local school districts.
• C)job training programs for low-income and unemployed workers.
• D)economic incentives to purchase new, more fuel-efficient vehicles when trading in less fuel-efficient vehicles.

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Definitions:

Fixed

Pertains to costs that remain constant regardless of the level of production or sales, such as rent, salaries, and insurance.

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold within a specific timeframe, including rent, salaries, and insurance premiums.

Relevant Range

The range of operating activity within which the assumptions about fixed and variable cost behaviors remain valid.

Fluctuate

To change or vary irregularly in number, amount, volume, or intensity.