The Great Failure of Activist Fiscal Policy in the 1960s

question 16

Multiple Choice

The great failure of activist fiscal policy in the 1960s was its

• A)timidity in the face of persistent stagnation.
• B)over-reliance on tax cuts to the exclusion of government spending programs.
• C)delay in reversing course as the economy became overstimulated.
• D)limited role as an accommodator of an activist monetary policy.

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Definitions:

Embezzlement

The act of dishonestly withholding or misappropriating funds or property entrusted to one's care, typically in a workplace or official capacity.

Theft of Company Assets

The act of stealing or unlawfully taking assets, such as money or property, belonging to a company.

Cyber Terrorism

The use of internet-based attacks in terrorist activities, including the deliberate disruption of computer networks.

Hacking

Unauthorized access to or manipulation of computer systems, networks, or data, often carried out for personal gain or to cause disruption.