The Modern Synthesis View of Fiscal Policy Stresses

question 129

Multiple Choice

The modern synthesis view of fiscal policy stresses

• A) how easy it is to time fiscal policy changes so they exert a stabilizing influence on the economy.
• B) the ineffectiveness of fiscal policy, even during periods of widespread unemployment.
• C) the difficulties involved in timing fiscal policy changes so they will exert a stabilizing impact on the economy.
• D) that automatic stabilizers do not help smooth fluctuations in the economy.

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Definitions:

Crossed-aldol Product

The product resulting from an aldol reaction between two different aldehyde or ketone reactants, occasionally leading to complex mixtures.

2,2-dimethylpropanal

A chemical compound, specifically an aldehyde, characterized by the presence of two methyl groups attached to the second carbon in a propane chain.

Propanal

An organic compound with the formula CH3CH2CHO, a type of aldehyde that is used as an intermediate in organic synthesis.

Butanal

An aldehyde with the formula C4H8O, it is a four-carbon chain compound with a carbonyl group attached to the first carbon.