The Effectiveness of Fiscal Policy as a 'Pump Primer' Is

question 31

Multiple Choice

The effectiveness of fiscal policy as a 'pump primer' is dependent on:

• A) business confidence
• B) the crowding out effect
• C) the marginal propensity to withdraw
• D) random shocks

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Definitions:

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The use of scientific understanding to achieve practical goals, particularly within the industrial sector.

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The global market price of a product or service, determined by worldwide demand and supply.

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