The Use of Taxing and Spending Powers to Shape the Economy

question 74

Multiple Choice

The use of taxing and spending powers to shape the economy is part of ________ policy.

• A) fiscal
• B) monetary
• C) regulatory
• D) distributive
• E) redistributive

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Definitions:

Utility

A measure of satisfaction, usefulness, or pleasure obtained from consuming goods and services.

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A beverage consisting of espresso, warm milk, and a layer of frothy milk on top.

Budget Line

A graphical depiction of all possible combinations of two goods that a consumer can purchase at given prices and within their income level.

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The process of transferring music from the internet to a computer or mobile device for offline listening.