Which of the Following Arguments Is Not a Valid Argument

question 53

Multiple Choice

Which of the following arguments is not a valid argument against the effectiveness of the fiscal stimulus bill?

• A)Employment continued to fall into early 2010.
• B)Without stimulus recessions come to an end naturally.
• C)State and local government spending increased.
• D)Monetary policy played a large role in stimulating the economy.

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Definitions:

R&D Costs

Expenses associated with the research and development activities undertaken by a company to innovate and introduce new products or services.

GAAP Requirements

The set of standardized guidelines and principles designed for financial accounting, used to ensure consistency, clarity, and comparability of financial statements.

Impairment Losses

Losses recognized when the carrying amount of an asset exceeds its recoverable amount.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements on a global basis.