Fiscal Policy Refers to Changes in

question 41

Multiple Choice

Fiscal policy refers to changes in

• A)state and local taxes and purchases that are intended to achieve macroeconomic policy objectives.
• B)federal taxes and purchases that are intended to achieve macroeconomic policy objectives.
• C)federal taxes and purchases that are intended to fund the war on terrorism.
• D)the money supply and interest rates that are intended to achieve macroeconomic policy objectives.

---

Definitions:

Organization Test

A test for employment based upon an examination of the services in relation to the business itself.

Fourfold Test

A method used to determine the status of a worker, assessing criteria such as control, ownership of tools, chance of profit, and risk of loss.

Vicarious Liability

A legal principle where one party is held responsible for the actions or negligence of another party, often in an employer-employee relationship.

Illegal Acts

Activities or actions that are expressly prohibited by law and subject to criminal or civil penalties.