Taxes can adversely affect free exchange
Indicate whether the statement is true or false
TRUE
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Discretionary fiscal policy is defined as fiscal policy
A) left to the discretion of military authorities. B) initiated by an act of Congress. C) initiated by a Presidential proclamation. D) triggered by the state of the economy. E) with multiplier effects.
In general, the use of accounting-based performance analysis is more effective in:
A. audit review of failed enterprises. B. decision control. C. residual income. D. decision management.
Accounting that relates how growth in inputs of production are related to growth in output is called:
A. production accounting. B. national income accounting. C. growth accounting. D. input to output accounting.
In a perfectly competitive market:
A. only price adjusts in both the short run and the long run. B. only quantity adjusts in both the short run and the long run. C. price does more of the adjusting in the short run and quantity does more of the adjusting in the long run. D. price does more of the adjusting in the long run and quantity does more of the adjusting in the short run.