An Appropriate Fiscal Policy for a Severe Recession Is

question 134

Multiple Choice

An appropriate fiscal policy for a severe recession is

• A)a decrease in government spending.
• B)a decrease in tax rates.
• C)appreciation of the dollar.
• D)an increase in interest rates.

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Definitions:

McDonaldization

The process by which the principles of the fast food industry, such as efficiency, predictability, and control, have come to dominate other sectors of American society and the world.

George Ritzer

An American sociologist known for his concepts of McDonaldization, which explains how principles of the fast food industry dominate more sectors of society and global culture.

Organic Free-range

Food products derived from animals that have been raised in natural conditions, with access to the outdoors, and without the use of synthetic pesticides or fertilizers.

Social Loafing

A phenomenon in which individuals reduce their effort when working in a group compared to when working alone.