By the End of the 1960s,fiscal Activism Was Falling Out

question 11

Multiple Choice

By the end of the 1960s,fiscal activism was falling out of favor due to its long ________ lag and,as predicted by the permanent-income hypothesis,the ________ of the 1968 tax surcharge.

• A)legislative,ineffectiveness
• B)legislative,overstimulation
• C)effectiveness,ineffectiveness
• D)effectiveness,overstimulation

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Definitions:

Employee Evaluating

The process of assessing and reviewing an employee's work performance by comparing it with preset standards, and providing feedback.

Functional Lines

The division of a business into departments or teams based on functions such as marketing, finance, or operations.

Functional Expertise

Specialized knowledge and skills in a particular area or department within an organization that contribute to its efficiency and success.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, typically resulting from factors like mass production and bulk purchasing.