Which of the Following Statements Is NOT a Potential Problem

question 2

Multiple Choice

Which of the following statements is NOT a potential problem associated with cyclically balancing the federal budget?

• A) Different phases of the business cycle are not of equal length or severity.
• B) Forecasting the turning point of the economy is very difficult.
• C) Inflationary pressures can take hold, leading to the need to enact extreme contractionary policy measures.
• D) Politicians find it difficult to cut spending.

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Definitions:

William James

A US philosopher and psychologist, commonly hailed as the pioneer of American psychology, recognized for his contributions to pragmatism and functional psychology.

Canadian Psychological Association

A professional organization that represents psychologists in Canada, focusing on research, clinical practice, education, and policy in psychology.

Wilhelm Wundt

A psychologist and philosopher considered the father of experimental psychology; he founded the first formal laboratory for psychological research.

Psychological Research

The scientific study of individuals' behaviors, thoughts, and emotions through systematic observation, experimentation, and analysis.