Many Economists Favored Using Discretionary Fiscal Policy During the Great

question 150

True/False

Many economists favored using discretionary fiscal policy during the Great Recession because monetary policy could not be used when interest rates were near zero.

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Definitions:

Subcontracts

Secondary contracts that are assigned by a primary contractor to third parties to perform part of the work originally contracted.

Prime Contractor

The main contractor who has a direct contract with the client and takes overall responsibility for the execution of a project, subcontracting parts of the work to others as necessary.

Government Procurement

The process by which government bodies purchase goods, services, and works from private sector companies, often following specific regulations and standards.

Procure-to-Pay

The end-to-end process involved in procuring goods and services, from initial requisition through to payment of the suppliers.