Mainstream Economists Contend That, as Stabilization Tools

question 183

Multiple Choice

Mainstream economists contend that, as stabilization tools,

• A)discretionary fiscal policy is effective, but discretionary monetary policy is not.
• B)discretionary monetary policy is effective, but discretionary fiscal policy is not.
• C)both discretionary fiscal policy and discretionary monetary policy can be effective if appropriately used.
• D)discretionary fiscal policy and discretionary monetary policy cause more instability than they cure.

Appreciate the principles underpinning natural law and legal positivism.

Identify the differences and functions of substantive law, procedural law, public law, and private law.

Comprehend the structure and function of administrative agencies within the legal system.

Grasp the concept and significance of equitable remedies in the legal system.

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Definitions:

Compounded Annually

Pertaining to an interest calculation method where interest is added to the principal at the end of each year, and future interest is calculated on the total.

Compounded Annually

An interest calculation method where interest is added to the principal sum once a year, allowing it to earn interest in the subsequent year.

Annuity

A finance tool that disburses a predetermined series of payments, typically to support individuals financially during retirement.

Future Value

The value of an asset or cash at a specified date in the future that is equivalent in value to a specified sum today.