Countercyclical Fiscal Policy Consists of Using Expansionary Fiscal Policy

question 6

Multiple Choice

Countercyclical fiscal policy consists of using expansionary fiscal policy

• A) during times of expansion and contractionary fiscal policy during times of recession.
• B) during times of recession and contractionary fiscal policy during times of recession.
• C) during times of expansion and contractionary fiscal policy during times of expansion.
• D) during times of recession and contractionary fiscal policy during times of expansion.
• E) and contractionary fiscal policy at the same time.

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Definitions:

Big Five Personality

A theory that describes personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Diagnostic

Pertains to the process of identifying or determining the nature and cause of a disease or condition through examination of symptoms and tests.

Statistical Manual

Refers to a handbook used for diagnosis and classification of mental disorders, for example, the DSM (Diagnostic and Statistical Manual of Mental Disorders).

DSM

The Diagnostic and Statistical Manual of Mental Disorders, a manual published by the American Psychiatric Association that classifies and defines mental disorders.