Which of the Following About Fiscal Policy Is True

question 34

Multiple Choice

Which of the following about fiscal policy is true?

• A)The expansionary fiscal policy of the 1980s stimulated aggregate demand and led to high rates of inflation during the latter half of the decade.
• B)The restrictive fiscal policy of the 1990s led to sluggish economic growth during the decade.
• C)Even though fiscal policy was highly expansionary during the 1980s, the inflation rate fell and remained at relatively low levels.
• D)Even though fiscal policy was restrictive during the 1990s, the real growth rate of the economy was strong.
• E)Both c and d are true.

Analyze the concept of significance levels and hypothesis testing in statistical studies.

Compute and interpret standard errors in statistical data analysis.

Determine the appropriate statistical test (e.g., pooled vs. non-pooled t test) based on sample characteristics.

Recognize the importance of sample size and its effects on statistical results.

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Definitions:

Fear Conditioning

A learning process where an organism learns to associate a neutral stimulus with an adverse event, leading to a conditioned response to the originally neutral stimulus.

Eyeblink Conditioning

A form of classical conditioning where a subject learns to blink in response to a previously neutral stimulus that has been paired with a stimulus that naturally elicits blinking.

Brain

An organ in the central nervous system of animals, responsible for processing sensory information, regulating bodily functions, and facilitating cognition and memory.

Paradigms

Established sets of concepts or methodological practices within a scientific discipline or other organizational framework.