Which statement is true about fiscal policy?
A) There really is no fiscal policy,but rather a series of political compromises.
B) Fiscal policy is legally vested in the President;congressional interference has prevented it from being effective.
C) Although fiscal policy hasn't always been right,it is quickly formulated and put into effect.
D) None of the statements are true of fiscal policy.
Correct Answer:
Verified
Q11: Budget deficits are appropriate during
A)recessions,but not inflations.
B)inflations,but
Q12: Over the last four decades we have
Q13: We have an inflationary gap when
A)equilibrium GDP
Q14: If full employment GDP is $500 billion
Q15: The national debt passed the $2 trillion
Q17: If equilibrium GDP is $500 billion greater
Q18: If we passed a constitutional amendment requiring
Q19: There is a recessionary gap when
A)equilibrium GDP
Q20: Fiscal policy deals with each of the
Q21: Which statement is true?
A)When there is a
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