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A Group of Friends Are Studying for a Safety Certification

question 37

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A group of friends are studying for a safety certification. They have each made a goal to help keep them on track. All else equal, who is most likely to achieve his goal?


Definitions:

Monetary Policy

The setting of the money supply by policymakers in the central bank.

Fiscal Policy

The setting of the level of government spending and taxation by government policymakers

Stabilize The Economy

Government or central bank policies aimed at maintaining economic growth, curbing inflation, and reducing unemployment to prevent economic recessions or depressions.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months.

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