Fiscal Policy Is Defined as Changes in Federal ________ and ________

question 97

Multiple Choice

Fiscal policy is defined as changes in federal ________ and ________ to achieve macroeconomic objectives such as price stability, high rates of economic growth, and high employment.

• A)taxes; interest rates
• B)taxes; the money supply
• C)interest rates; the money supply
• D)taxes; expenditures
• E)government employment; transfers to provinces

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Definitions:

Temporary/Permanent

In accounting, this distinction refers to how certain accounts (temporary) close at the end of a fiscal period, while others (permanent) carry their balances forward.

Account Balance

The difference between the debits and credits recorded in an account.

Financial Statement

A precise documentation of monetary activities and the financial state of a corporation, a person, or another entity.

Account Balance

The total amount of money that is present in an account at any given time, which can be a positive or negative value.