Monetary and Fiscal Policymaking That Is Carried Out in Response

question 84

Multiple Choice

Monetary and fiscal policymaking that is carried out in response to a pre-set rule,and which does not respond to changes in economic activity,is known as

• A)active policymaking.
• B)discretionary policymaking.
• C)nondiscretionary policymaking.
• D)Keynesian policymaking.

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Definitions:

General Journal

The primary bookkeeping ledger where all financial transactions of a business are initially recorded, prior to being posted to specific accounts.

Credit Purchases

Transactions where goods or services are bought on credit, to be paid for at a later date.

Equipment

Tangible property (other than land or buildings) that is used in the operations of a business, such as machinery or computer hardware.

Subsidiary Ledger

A detailed ledger that contains the individual accounts related to a specific parent account, facilitating more detailed financial tracking and analysis.