Which of the Following Was an Important Source of Economic

question 151

Multiple Choice

Which of the following was an important source of economic stability during the two decades following the recovery from the 1982 recession?

• A) countercyclical fiscal policy instituted by Congress
• B) a substantial increase in government spending as a share of the economy
• C) monetary policy that kept the inflation rate low and relatively steady
• D) balanced federal budgets throughout the period

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Definitions:

Social Capital

The networks of relationships among people who live and work in a particular society, enabling that society to function effectively.

Positive Benefits

Advantages or favorable outcomes resulting from an action, condition, or policy, intended to enhance well-being or performance.

Interpersonal Mastery

The ability to effectively manage and navigate social interactions and relationships.

Integrative Complexity

A psychological construct that measures an individual's ability to recognize multiple perspectives and integrate them into a coherent understanding.