Which of the Following Best Describes the Impact of Fiscal

question 20

Multiple Choice

Which of the following best describes the impact of fiscal policy during the Great Depression?

• A) Despite the large increases in government spending as a share of GDP when the New Deal policies were initiated, the expansionary fiscal policy failed to stimulate demand.
• B) Fiscal policy was focused on monetary expansion, when it should have focused on maintaining a balanced budget.
• C) It is difficult to link expansionary fiscal policy with economic recovery because government spending and budget deficits were a relatively small portion of GDP prior to the beginning of World War II.
• D) There is a direct correlation between increases in government spending as a share of GDP and increases in output and employment.

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Definitions:

Quarterly Bonus

Additional compensation given to employees on a quarterly basis, often linked to performance or organizational profitability.

Sales Targets

Specific, quantifiable objectives set for a sales team or individual sales representatives to achieve within a specific time frame.

Training

An organization's planned efforts to help employees acquire job-related knowledge, skills, abilities, and behaviors, with the goal of applying these on the job.

Learning Organization

An organization that actively encourages, facilitates, and utilizes the learning of its members to continuously transform itself for better performance and innovation.