Most Economists Agree That the Focus of Fiscal Policy Is

question 164

Multiple Choice

Most economists agree that the focus of fiscal policy is to

• A)plan the economy.
• B)balance aggregate demand and aggregate supply.
• C)balance the federal budget.
• D)balance environmental needs and resources.

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Definitions:

Busy Freeway

A heavily trafficked highway where vehicles travel at high speeds, often experiencing congestion and delays.

Bystander Effect

A social psychological phenomenon in which individuals are less likely to offer help to a victim when other people are present.

Social-Responsibility Norm

An expectation that people will help those needing their help.

Kitty Genovese

A woman whose 1964 murder in New York City became a symbol of urban apathy, leading to research on the "bystander effect."