To Say That Fiscal Policy Is Countercyclical Means That

question 34

Multiple Choice

To say that fiscal policy is countercyclical means that

• A)it is used only during a recession.
• B)cyclical movements in the economy can be offset by fiscal policy.
• C)it is not very effective as a policy tool.
• D)government spending and real GDP are negatively correlated.
• E)it is used only every other year.

Assess the effects of barriers to market entry on competition and market outcomes.

Analyze the factors that impact the likelihood of successful collusion and the consequences of cartels.

Understand the concept and implications of market power in various market structures.

Recognize the unique characteristics and dynamics of oligopolistic markets, including mutual interdependence.

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Yale

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