The Purpose of Fiscal Policy Should Be to

question 61

Multiple Choice

The purpose of fiscal policy should be to

• A)balance the budget to be fiscally responsible.
• B)balance aggregate supply and aggregate demand.
• C)keep taxes low to keep voters happy.
• D)minimize government spending to avoid wasting money.

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Definitions:

SPT Scheduling Rule

Shortest Processing Time rule, a method for scheduling tasks that prioritizes those with the lowest processing time to minimize completion time.

LPT Scheduling Rule

A priority rule used in scheduling where jobs are ordered in descending order of their processing times.

Due Date

The specified date by which a task or project is expected to be completed or a payment is due.

Johnson's Rule

A sequencing rule used in operations management for minimizing job completion time by ordering tasks based on the shortest processing times at two workstations.