Economic Fluctuations That Occur When Discretionary Policy Is Manipulated for Political

question 119

Multiple Choice

Economic fluctuations that occur when discretionary policy is manipulated for political gain are known as _____

• A) political business cycles.
• B) fiscal policies.
• C) monetary policies.
• D) tax increases on high-income households.
• E) automatic stabilizers to control demand.

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Definitions:

Obligation

A duty or commitment that an individual is bound to, either legally, morally, or emotionally.

Group Norms

Shared guidelines or rules of behavior that are accepted and followed by members of a group, influencing how they act and interact.

Temperaments

Physiological dispositions to respond to the environment in certain ways; they are present in infancy and in many nonhuman species and are assumed to be innate.

Personalities

The combination of characteristics or qualities that form an individual's distinctive character.