Which One of the Following Is an Area of Agreement

question 31

Multiple Choice

Which one of the following is an area of agreement among modern macroeconomists with regard to the use of fiscal policy?

• A) Congressional action is necessary if automatic stabilizers are going to be an effective stabilization tool.
• B) It is difficult to time changes in discretionary fiscal policy in a manner that will promote stability.
• C) Fiscal policy is more potent than the early Keynesian view implied.
• D) Budget deficits are a highly effective tool with which to combat a severe recession.

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Definitions:

Hershey Company

An American multinational company and one of the largest chocolate manufacturers in the world, known for its wide range of confectionery products.

Multibranding

A marketing strategy that involves a company using two or more brands to offer similar products or services to capture a larger market share.

Do-It-Yourself Market

The sector of the market that sells tools, materials, and components which allow consumers to complete projects on their own without professional help.

Professional Construction Market

A segment of the construction industry focused on providing specialized services and products to professionals, such as contractors and architects.