Fiscal Policy Used to Decrease Aggregate Demand Is

question 10

Multiple Choice

Fiscal policy used to decrease aggregate demand is

• A)discretionary fiscal policy
• B)nondiscretionary fiscal policy
• C)expansionary fiscal policy
• D)contractionary fiscal policy

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Definitions:

Rule Utilitarianism

A subset of utilitarianism which holds that general rules that on balance produce the greatest amount of pleasure for all involved should be established and followed in each situation.

Ethical Theory

A systematic exposition of principles or standards of moral conduct that guide individuals in deciding right from wrong behaviors.

Absolutism

A political doctrine and practice where a single ruler or government holds absolute power, without legal, electoral, or social checks and balances.

Ethical Relativism

The theory that holds that morality is relative to the norms of one's culture, meaning that what is considered morally right or wrong varies from society to society.