The Term "Fiscal Policy" Refers to

question 138

Multiple Choice

The term "fiscal policy" refers to

• A)the amount of physical output produced by firms
• B)the means by which government policy makes firms more productive
• C)the avenue by which government influences credit markets
• D)spending and taxing by governments
• E)a tool of government that works in the opposite direction of monetary policy

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Definitions:

Karl Marx

A 19th-century philosopher, economist, and revolutionary socialist who developed the theory of Marxism, focusing on the class struggle and the need for the working class to overthrow capitalist societies.

Emile Durkheim

A foundational French sociologist who contributed to the establishment of sociology as a discipline with his theories on social cohesion and collective conscience.

Max Weber

was a German sociologist, economist, and political scientist known for his ideas on social theory and the structure of society.

Talcott Parsons

An American sociologist known for his work on the theory of action and for developing a framework for social systems.