The Idea That If Governments Cut Taxes but Not Spending,people

question 89

Multiple Choice

The idea that if governments cut taxes but not spending,people will not change their behavior,and expansionary policy will have little expansionary effect is known as:

• A)Ricardian equivalence.
• B)Keynesian policy.
• C)the invisible hand.
• D)Ricardian countenance.

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Definitions:

Internal Control

Initiatives and practices instituted by an enterprise to confirm the trustworthiness of its financial and accounting statements, uphold responsibility, and eliminate fraud.

Cash Remittances

Cash remittances are funds sent by individuals, typically working abroad, back to their home countries, providing financial support to their families.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services that have been delivered but not yet paid for.

Bank Reconciliation

involves comparing a company's bank account records to its financial records to identify discrepancies and ensure accuracy in financial statements.