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.

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Definitions:

Pressure Relief Hole

The grease escape hole in the slip spline assembly of a drive shaft.

Slip Spline Assembly

A mechanism in driveshafts that allows for length variation due to suspension movement, ensuring smooth power transmission.

Lubricant

A substance applied between two surfaces to reduce friction and wear.

Hanger Bearing

The center support bearing used to suspend the first section of the drive shaft in a double drive shaft assembly; used on truck drivelines when the distance between the transmission and drive carrier exceeds 70 inches (178 mm) or so. Consists of a sealed rolling element bearing that is supported by a rubber insulator and mounted in a bracket assembly. Also known as center support bearing.