A Single Word Formed from the First Letters of Items

question 145

Multiple Choice

A single word formed from the first letters of items you want to remember is called a(n)

• A) synonym.
• B) antonym.
• C) homonym.
• D) acronym.

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Definitions:

Fiscal Policy

Fiscal policy involves government spending and taxation to influence the economy.

Inflation Rate

The percentage increase in the price level of goods and services over a period of time.

Unemployment Compensation

Financial payments made to individuals who have lost their jobs, provided by the government or other authorized bodies to support them while they search for new employment.

Sticky Wages

The tendency of nominal wages to adjust slowly to changes in the economy, such as inflation or unemployment, often leading to disequilibrium in the labor market.