One Disadvantage of Discretionary Fiscal Policy Is That It Can

question 39

True/False

One disadvantage of discretionary fiscal policy is that it can return the economy to its potential level of output,but at the cost of increasing the price level.

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Definitions:

Perfect Equality

An ideal state where all individuals have exactly the same status, rights, and opportunities without any discrimination.

Obesity Per Capita

A statistical measurement reflecting the number of obesity cases within a given population.

Countries

Nation-states characterized by defined territorial borders and governance structures, possessing sovereignty and political identity.

Global Corporations

Large business entities that operate and provide services or goods in multiple countries outside of their country of origin.