Expansionary Fiscal and Monetary Policy from 2008 to 2010, Took

question 210

True/False

Expansionary fiscal and monetary policy from 2008 to 2010, took the risk of being inflationary for the sake of avoiding additional unemployment.

---

Definitions:

Opportunity Cost

The value of the best alternative that is forgone when a particular decision is made.

Specialization

The process by which individuals, businesses, or countries focus on producing a narrow range of products or services to gain greater efficiencies.

Production Possibility Frontier

A curve depicting the maximum feasible combinations of two products that a society can produce with existing resources and technology.

Trade

The act of buying, selling, or exchanging goods and services between people, firms, or countries.