A Budget Philosophy Using Fiscal Policy to Achieve the Economy's

question 55

Multiple Choice

A budget philosophy using fiscal policy to achieve the economy's potential GDP, rather than balancing budgets either annually or over the business cycle, is termed _____

• A) budget finance.
• B) functional finance.
• C) crowding out.
• D) crowding in.
• E) deficit financing.

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Definitions:

Multiple Correlation R

Represents the strength and direction of a correlation between one dependent variable and two or more independent variables.

Significant

In statistics, significant means that an observed effect or relationship is unlikely to be due to chance, typically measured by a p-value.

Slope

A measure of the steepness, incline, or grade of a line, representing the rate of change in the y-variable for a one unit increase in the x-variable.

Regression Equation

An equation that describes the relationship between a dependent variable and one or more independent variables.