Macroeconomic Policy Activism

question 249

Multiple Choice

Macroeconomic policy activism:

• A) is the use of political activism made popular by liberal economists.
• B) mandates a balanced government budget.
• C) is the use of monetary and fiscal policy to smooth out the business cycle.
• D) was the tool used by classical economists.

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Definitions:

Spring Tide

A condition of especially high and low tides caused when the sun, moon, and Earth are aligned, increasing the gravitational pull on the oceans.

Neap Tide

A condition of the sea where the difference between high and low tide is at its least, occurring twice a month.

High Tide

The state of the tide when it is at its highest level, usually occurring twice in a 24-hour period.

Low Tide

The condition of the sea when it has reached its lowest level within the tidal cycle, often exposing areas that are submerged at high tide.