When Did Policy Makers in the U

question 103

Multiple Choice

When did policy makers in the U.S. first use fiscal policy with the intent of manipulating
Aggregate demand to move the economy to its potential level of real GDP?

• A) During the Roosevelt administration
• B) During the Truman administration
• C) During the Eisenhower administration
• D) During the Kennedy administration

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Definitions:

Yield To Maturity

The total return anticipated on a bond if it is held until the date it matures, including both interest payments and capital gains.

Real Rate Of Return

The annual percentage profit earned on an investment, adjusted for changes in the price level due to inflation or other external effects.

Inflation Rate

The general rise in prices across goods and services, resulting in a decrease in the ability to purchase.

Semiannual Coupon

A fixed interest payment on a bond that is made twice a year.