Which of the Following Was an Important Source of Economic

question 151

Multiple Choice

Which of the following was an important source of economic stability during the two decades following the recovery from the 1982 recession?

• A) countercyclical fiscal policy instituted by Congress
• B) a substantial increase in government spending as a share of the economy
• C) monetary policy that kept the inflation rate low and relatively steady
• D) balanced federal budgets throughout the period

---

Definitions:

Cree First Nation

The Cree First Nation is one of the largest groups of First Nations in North America, located in regions of Canada spanning from Ontario to the Rocky Mountains.

Unionized Factory

A manufacturing facility where the workforce is organized into a union, which negotiates collectively for wages, hours, and working conditions.

Professional Labour Market

The segment of the labor market comprised of jobs that require specialized knowledge and often higher education, typically associated with professional licensure or certification.

Associate Professor

An academic title used in colleges and universities to denote a faculty member who ranks above an assistant professor and below a full professor.