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The Difficulties of Using Fiscal Policy to Affect the Economy

question 128

Multiple Choice

The difficulties of using fiscal policy to affect the economy include I. the automatic stabilizing effect. II. the crowding out effect. III. the time lag in policy effects.


Definitions:

Instrumentally Valuable

Something valued not for its own sake, but for the utility it brings in achieving something else considered as an end.

Permissible

Allowed or permitted within a certain set of rules, laws, or ethical guidelines.

Judith Jarvis Thomson

A philosopher best known for her contributions to moral philosophy and bioethics, including her influential defense of abortion rights in "A Defense of Abortion."

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