The Argument Based on the Tinbergen Principle That Points to Fiscal

question 33

Multiple Choice

The argument based on the Tinbergen principle that points to fiscal and monetary policy as two instruments directed at two target variables unemployment and inflation) to conclude that there is no implicit trade-off between the twin objectives of low inflation and low unemployment

• A) is correct because fiscal and monetary policy are set independently by two different branches of government.
• B) is incorrect because both fiscal and monetary policy work by manipulating aggregate demand.
• C) is incorrect because neither type of policy is effective in a world accurately described by a rational-expectations model.
• D) b and c only.
• E) none of the above.

---

Definitions:

Patient Centered Medical Home (PCMH)

A healthcare model that emphasizes coordinated care centered around the patient, aiming for better health outcomes.

Team-based Model

A healthcare delivery approach that involves multidisciplinary team members collaborating to provide patient care, enhancing efficiency and outcomes.

Medical Assisting

A field in healthcare focused on supporting physicians and other professionals through tasks like taking histories, assisting in examinations, and managing patient records.

Job Variety

The extent to which a job includes various activities and tasks, providing a wider range of experiences and skills development for the employee.