The Modern Synthesis View of Fiscal Policy Stresses

question 129

Multiple Choice

The modern synthesis view of fiscal policy stresses

• A) how easy it is to time fiscal policy changes so they exert a stabilizing influence on the economy.
• B) the ineffectiveness of fiscal policy, even during periods of widespread unemployment.
• C) the difficulties involved in timing fiscal policy changes so they will exert a stabilizing impact on the economy.
• D) that automatic stabilizers do not help smooth fluctuations in the economy.

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Definitions:

Amicus Curiae

A term meaning "friend of the court" where individuals or organizations not party to a case provide information or expertise to assist the court in its decision-making process.

Certiorari

A writ issued by a superior court directing the transfer of a case from a lower court for review.

Writ of Certiorari

A court order requesting the lower court to deliver its record in a case so that the higher court can review it.

Original Jurisdiction

The authority of a court to hear a case for the first time, as opposed to appellate jurisdiction, which reviews the decisions of lower courts.