Which of the Following Is a Correct Conclusion Regarding the Successful

question 37

Multiple Choice

Which of the following is a correct conclusion regarding the successful implementation of fiscal policy?

• A)Successful fiscal policy would be easy to achieve if Congress would stay out of the economy and permit natural market forces to restore full-employment equilibrium.
• B)Successful fiscal policy is difficult to achieve because in the real world, the investment, net exports, and consumption schedules are constantly shifting.
• C)Successful fiscal policy is much easier to achieve today because econometric models make economic forecasting much easier.
• D)As the income-expenditure model suggests, fiscal policy planners can move GDP to any level they please by changing tax and spending levels.

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Definitions:

Social Investment Principle

The theory that individuals' maturity and psychological growth are influenced by their engagement in and commitments to social roles and responsibilities.

Personality Traits

Enduring characteristics that describe an individual's behavior, such as extraversion, agreeableness, and conscientiousness.

Social Roles

The patterns of behavior expected of individuals in specific positions within a social group or society.

Commerce

The activity of buying and selling of goods and services, especially on a large scale, involving transportation and trade between parties.