The Notion of Functional Finance Says That

question 194

Multiple Choice

The notion of functional finance says that:

• A) the economic function of the president is to maintain a balanced budget.
• B) the government should not focus on any deficits or surpluses caused by the budget and focus on maintaining the economy at full employment.
• C) the government should function as a financial leader in the economy.
• D) the government's budget should always be balanced over the course of the business cycle.

Learn about major leadership theories and their relation to trait theory.

Understand the eligibility criteria and limitations for claiming the American opportunity tax and lifetime learning credits.

Recognize the income thresholds that affect eligibility for various tax credits such as the child tax credit and earned income credit.

Identify the eligibility requirements for the credit for the elderly or the disabled.

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Definitions:

Impact

The strong effect or influence that one thing has on another.

Human Communication

The process of making sense out of the world and sharing that sense with others by creating meaning through the use of verbal and nonverbal messages.

Encoded Communication

The translation of information or ideas into a specific format or code for transmission to a recipient.

Task Dimension

A form of content dimension in the workplace; leaders, including managers, supervisors, or those who take charge, communicate content messages to accomplish certain tasks.