Which of the Following Is True with Regard to the Use

question 79

Multiple Choice

Which of the following is true with regard to the use of countercyclical fiscal policy as a stabilization tool?

• A) Successful fiscal policy would be easy to achieve if Congress had greater access to forecasting tools.
• B) Successful fiscal policy is difficult to achieve because Congress acts slowly and our ability to predict the future is limited.
• C) Successful fiscal policy is easier to achieve today because econometric forecasting models are highly accurate.
• D) Congress and the President have persistently altered fiscal policy in a stabilizing manner.

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Definitions:

Predation

The ecological process by which one organism hunts and consumes another organism for sustenance.

Precautionary Principle

A safety principle requiring that an action or policy having the potential to cause harm to the public or to the environment should not be undertaken if the consequences are uncertain or potentially dangerous.

Environmental Protection

Efforts and policies aimed at conserving the natural environment and preventing further degradation due to human activity.

Sharks

A group of elasmobranch fish characterized by a cartilaginous skeleton, five to seven gill slits on the sides of the head, and pectoral fins that are not fused to the head.