Contractionary Fiscal Policies Used to Reduce the Deficit in the 1990s

question 132

True/False

Contractionary fiscal policies used to reduce the deficit in the 1990s did not hurt the economy because fiscal and monetary policies were well coordinated at that time.

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Definitions:

Genetic

Relating to genes or heredity, the biological process by which parents pass certain traits to their offspring through their chromosomes.

Short-Term Memory

The capacity for holding a small amount of information in mind in an active, readily available state for a short period.

Information Processing

The view in which cognitive processes are compared to the functions of computers. The theory deals with the input, storage, retrieval, manipulation, and output of information. The focus is on the development of children’s strategies for solving problems—their “mental programs.”

Theoretical Orientation

A specific set of beliefs, attitudes, and practices that guide a therapist or counselor in their approach to understanding clients' issues and helping them.