Which of the Following Was an Important Source of Economic

question 151

Multiple Choice

Which of the following was an important source of economic stability during the two decades following the recovery from the 1982 recession?

• A) countercyclical fiscal policy instituted by Congress
• B) a substantial increase in government spending as a share of the economy
• C) monetary policy that kept the inflation rate low and relatively steady
• D) balanced federal budgets throughout the period

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Definitions:

Erikson

Known for outlining the eight stages of psychosocial development which track an individual's progression and conflicts from infancy to late adulthood.

Reflect

To think deeply or carefully about something, often involving careful consideration or meditation on past events or situations.

Erikson

Erik Erikson was a psychologist known for his theory on the psychosocial development of humans, emphasizing the impact of society and culture on personality development across eight stages.

Generativity

Generativity refers to the concern for establishing and guiding the next generation, which is typically expressed through parenting, teaching, mentoring, and other creative contributions.