What Do Countercyclical Fiscal and Monetary Policies Have in Common

question 7

Multiple Choice

What do countercyclical fiscal and monetary policies have in common?
i.They are both used to reduce economic fluctuations.
ii.They both work by shifting the labor supply curve.

• A) i) and ii) are both true
• B) i) and ii) are both false
• C) i) is true and ii) is false
• D) i) is false and ii) is true

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Definitions:

James P. Johnson

An influential American jazz pianist and composer, known as the "Father of the Stride Piano."

Runnin' Wild

A popular song and dance from the 1920s, known for introducing the Charleston dance to a wider audience.

The Charleston

A popular dance originating in the early 20th century, particularly associated with the Jazz Age and the Roaring Twenties.

Black Bohemia

Denotes a cultural and artistic movement among African Americans, characterized by creative expression that is unconstrained by mainstream norms, often associated with early 20th-century Harlem.