Two Drawbacks in Using Fiscal Policy as a Stabilization Tool

question 62

Multiple Choice

Two drawbacks in using fiscal policy as a stabilization tool are that fiscal policy can affect ________ as well as aggregate demand and that fiscal policy is ________.

• A)consumption; too flexible
• B)potential output; not flexible enough
• C)consumption; offset by automatic stabilizers
• D)potential output; offset by automatic stabilizers

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Definitions:

Competency-Based

This approach focuses on identifying and developing specific skills and competencies within an organization to optimize performance and productivity.

Job Analyses

The systematic process of collecting and analyzing information about the duties, responsibilities, and the context of a job, to identify required skills and qualifications.

Organizational Success

The achievement of the goals and objectives set by an organization, often measured by metrics such as profitability, market share, or stakeholder satisfaction.

Job Specification

A detailed description of the skills, education, and experience required to perform a job.