An Example of Fiscal Policy Occurs When the Government Makes

question 75

True/False

An example of fiscal policy occurs when the government makes Social Security payments.
Fiscal policy is the use of government taxes and spending,including transfer payments such as Social Security,to alter macroeconomic outcomes.

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Definitions:

Wisdom

The ability to apply knowledge, experience, understanding, and common sense in a considered and judicious way, often associated with insight and good judgment.

Great Depression

A severe worldwide economic downturn that lasted from 1929 to the late 1930s, marked by massive unemployment, bank failures, and a significant reduction in economic activity.

Wisdom

The quality of having experience, knowledge, and good judgment; the insightful understanding of what is true, right, or lasting.

Semantic

Related to meaning in language or logic.