Efforts to Fine-Tune the Economy Have Been Used for Several

question 39

Multiple Choice

Efforts to fine-tune the economy have been used for several decades and as a result:

• A) We have successfully achieved our major economic goals at all times.
• B) The economy still experiences recessions,high unemployment and inflation at times.
• C) Employment goals have been met,but price stability has not been attained.
• D) Price stability goals have been met,but full employment has not been attained.

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Definitions:

Withdraw

The process of withdrawing money from a bank account or investment.

Compounded Monthly

It's the practice of assessing interest each month, by adding up both the initial amount invested or borrowed and the subsequent interest that's accumulated over time.

GIC's Maturity

The fixed date when a Guaranteed Investment Certificate (GIC) expires and the principal amount is returned to the investor along with the accrued earnings.

Invested

The act of allocating resources, usually money, to generate an income or profit.