Which of the Following Perspectives Exerted the Most Impact on Fiscal

question 20

Multiple Choice

Which of the following perspectives exerted the most impact on fiscal policy during the Great Depression?

• A) the Keynesian view
• B) the supply-side view
• C) the view that the federal government should maintain a balanced budget
• D) the new classical view that fiscal policy exerts little impact on demand and output

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Definitions:

Individual Mandate

A requirement under the Affordable Care Act that most Americans must have health insurance or face a tax penalty.

Affordable Care Act

A comprehensive health care reform law enacted in March 2010, aimed at making insurance more affordable and expanding health insurance coverage to more Americans.

Health Insurance

Health insurance is a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses.

Housing Bubble

A period characterized by rapid increases in property valuations based on speculative demand rather than underlying fundamentals, leading to a market correction when the bubble bursts.