Which of the Following Contributed the Most to the Economic

question 85

Multiple Choice

Which of the following contributed the most to the economic stability and strong growth of real GDP during the 1980s and 1990s?

• A) the rapid growth of government expenditures throughout most of the period
• B) congressional policies that persistently balance the budget
• C) modifications in fiscal policy that stimulated aggregate demand during economic slowdowns and restrained it during periods of economic boom
• D) Federal Reserve policies that kept the inflation rate low and relatively stable

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Definitions:

Standards

Performance goals, often relating to how much a product should cost.

Bonuses

Additional financial rewards given to employees as an incentive or reward for their performance.

Standard Costs

Predetermined costs serving as a benchmark for evaluating the actual cost performance of operations.

Measuring Efficiency

The process of evaluating the performance of a system, organization, or component by comparing its output with its input.