If Fiscal Policy Is Going to Exert a Stabilizing Impact

question 3

Multiple Choice

If fiscal policy is going to exert a stabilizing impact on the economy, it must be

• A) instituted by the Federal Reserve system.
• B) expansionary during an economic boom but restrictive during a recession.
• C) timed correctly.
• D) passed by a three-fifths majority in Congress.

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Definitions:

Set of Data

A collection of data points or numbers gathered to provide information for analysis.

Median

The middle value in a set of ordered data, dividing the dataset into two equal halves.

Set of Data

A collection of data points or elements that have been systematically gathered for analysis or observation.

Mode

In a series of data, the value that shows up the most.