Changing the Level of Government Spending Is an Example of _____

question 102

Multiple Choice

Changing the level of government spending is an example of _____ policy.

• A) fiscal
• B) interest rate
• C) monetary
• D) exchange rate

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Definitions:

Consumers

Consumers are individuals or organizations that acquire goods and services for private purposes.

Price Control

Regulatory measures by which a government intervenes in the market to adjust prices, typically to protect consumers or producers.

Price Ceiling

A maximum price set by the government for certain goods to ensure they remain affordable to the general public.

Shortage

A shortage occurs when the demand for a good or service exceeds its supply in a given market, often leading to price increases.