Since the 1960s, Macroeconomists Have Become More Aware

question 29

Multiple Choice

Since the 1960s, macroeconomists have become more aware

• A) that increases in government expenditures are more effective than tax reductions as a source of economic stimulus.
• B) that  persistent inflation will reduce the unemployment rate.
• C) of both the potential and the limitations of fiscal and monetary policy as stabilization tools.
• D) of the fact that fiscal policy is more potent than monetary policy.

---

Definitions:

Employee Compensation

All forms of financial returns and tangible benefits that employees receive as part of an employment relationship.

QWERTY Keyboard

The standard layout for English-language keyboards, named after the first six letters in the top letter row.

Industry Standard

Accepted norms and practices within a particular industry, often used as benchmarks for quality and performance.

Virtual Monopoly

A virtual monopoly occurs when a company has majority control over a market or industry, significantly influencing prices and competition, even if it's not a complete monopoly.