Monetary Policy Is Implemented to Ease the Up and Down

question 159

True/False

Monetary policy is implemented to ease the up and down swings of business cycles,while fiscal policy is implemented to create swings when the cycle is stalled in an economic boom.
Level of Learning 2: Understanding of concepts and principles

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Definitions:

Salaries Expense

The expense reported on the income statement representing the total amount paid to employees for services rendered during a specific period.

Payroll Register

A record that summarizes wages, deductions, and net pay for all employees for each pay period.

Payroll Taxes

Payroll taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.

Liabilities

Financial obligations or debts that a business needs to settle in the future as a result of past transactions or events.