Economists in Favor of the Functional Finance Approach to Balancing

question 350

True/False

Economists in favor of the functional finance approach to balancing the federal budget believe that the first priority of lawmakers is to keep the economy at full employment with stable prices, not to balance the federal budget.

---

Definitions:

Impulsiveness

The tendency to act on a whim, displaying behavior characterized by little or no forethought, reflection, or consideration of the consequences.

Ego-resilient

Describes an individual's ability to adapt to stressors and return to a baseline state of functioning effectively after experiencing stress.

Adaptability Under Stress

The ability to adjust and cope with pressure or adversity, maintaining functionality and resilience.

Self-confident

Having trust in one's own abilities, qualities, and judgement.