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

Understand the structure and terminology of organizational charts.

Differentiate between the processes of planning and controlling within an organization.

Identify the characteristics and objectives of managerial accounting.

Recognize the unique reporting needs and practices in managerial accounting versus financial accounting.

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Definitions:

Administrative Skills

A set of abilities related to managing tasks, organizing files, and effectively handling daily office operations.

Business Affairs

The operational activities, decisions, and responsibilities related to the management of a company.

Practice

The regular exercise or performance of an activity or skill to acquire or maintain proficiency in it.

Clinical Capacity

The maximum number of patients or amount of medical services that a healthcare facility can handle at any given time, taking into account available resources.