Services Are Considered Inseparable Because Most Services Cannot Be Felt

question 35

True/False

Services are considered inseparable because most services cannot be felt or touched in the same way most goods can be sensed.

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Definitions:

Fiscal Policy

Government policies regarding taxation and spending to influence the economy.

Monetary Policy

The actions of a central bank, currency board, or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates.

Inflation

A rise in prices and a decrease in the purchasing power of money over time.

Unemployment Rates

The percentage of the labor force that is jobless and actively looking for employment.