Functional Finance Is

question 75

Multiple Choice

Functional finance is:

• A)based on empirical evidence that fiscal policy can be effective in smoothing business cycles.
• B)based on the political realities of voters wanting their government to respond to recessions.
• C)a theoretical proposition, not a moral proposition.
• D)a proposition supported by public choice economists.

---

Definitions:

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a compendium of mental disorder criteria and classifications used by healthcare professionals.

Schizophrenia

Achronic brain disorder characterized by distorted thinking, perceptions, emotions, language, sense of self, and behavior.

Psychosis

A mental state where there is a loss of contact with reality, often featuring hallucinations, delusions, and impaired thinking.

Symptoms

The signs or indications of a disease or condition experienced by an individual.