Fiscal Policy Is Defined as Changes in Federal ________ and ________

question 267

Multiple Choice

Fiscal policy is defined as changes in federal ________ and ________ to achieve macroeconomic objectives such as price stability,high rates of economic growth,and high employment.

• A)taxes; interest rates
• B)taxes; the money supply
• C)interest rates; money supply
• D)taxes; expenditures

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Definitions:

Profitability

The state of yielding financial gain or profit from business activities.

Organizational Effectiveness

The degree to which an organization achieves its goals and objectives through the efficient use of resources.

Span of Control

The number of subordinates a manager or supervisor can effectively manage and control.

Administrative Costs

Expenses associated with daily operations of managing a business or organization, including office supplies, salaries of non-production staff, and utilities.