Which of the Following Is Not an Example of the Use

question 49

Multiple Choice

Which of the following is not an example of the use of activist Keynesian fiscal policy in recent times?

• A) In 1994, the Japanese government formulated a plan to increase spending and cut taxes in order to help their ailing economy.
• B) In 2001, George W. Bush led the effort for a tax cut to provide stimulus to a sluggish economy.
• C) In the late 1990s the Chinese government increased spending to prevent severe economic activity.
• D) In 2001- 2003, the Federal Reserve lowered the interest rate several times to help spur investments and get the economy out of its sluggish growth.

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Definitions:

Expected Value

The long-term average or mean of random variables, taking into account all possible outcomes weighted by their probabilities.

Binomial Experiment

A statistical experiment that has exactly two possible outcomes for each trial and a fixed number of trials, where the probability of success is constant.

Variance

A measure of the spread or dispersion of a set of data points around the mean, indicating how much the data values differ from the average value.

Probability Distribution

A mathematical function that provides the probabilities of occurrence of different possible outcomes for an experiment.