An Example of Automatic Fiscal Policy Is

question 84

Multiple Choice

An example of automatic fiscal policy is

• A)Congress passing a tax rate reduction package.
• B)the federal government expanding spending at the Department of Education.
• C)expenditure for unemployment compensation increasing as economic growth slows.
• D)the Federal Reserve reducing interest rates as economic growth slows.
• E)a change in taxes that has no multiplier effect.

---

Definitions:

OLTP

Online Transaction Processing (OLTP) refers to a class of systems that facilitate and manage transaction-oriented applications, typically for data entry and retrieval transaction processing.

Intellectual Capital

The intangible value of a business, covering its people (human capital), the value relating to its relationships (relational capital), and everything that is left when the employees go home (structural capital), which include the company's images, processes, data, patents, copyrights, and other intellectual property.

Knowledge

Information, understanding, or skills gained through experience or education; the theoretical or practical understanding of a subject.

Wisdom

The ability to apply knowledge, experience, understanding, and common sense in a way that is insightful, and often involves a deep understanding of people, things, events, or situations, resulting in a balanced judgement.