The Various Studies of the Size of the Fiscal Multiplier

question 152

Multiple Choice

The various studies of the size of the fiscal multiplier by different economists suggest

• A) general agreement that the fiscal multiplier value is relatively high.
• B) general agreement that the fiscal multiplier value has a range between 0.8 and 1.2.
• C) general agreement that the fiscal multiplier value is zero.
• D) there is a wide range of opinion on the size of the fiscal multiplier.

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Definitions:

Theoretical Perspectives

Different lenses through which scholars examine and interpret social phenomena, each offering unique insights and explanations.

Foucault

Michel Foucault, a French philosopher and social theorist known for his critical studies of social institutions, including the prison system, psychiatry, and the history of human sexuality.

Biopower

Foucault’s term to explain people taking ownership of their bodies and their health.

Health

A state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.