What Does Fiscal Policy Primarily Affect in the Long Run

question 96

Multiple Choice

What does fiscal policy primarily affect in the long run and the short run, respectively?

• A)aggregate demand in the long run; aggregate supply in the short run
• B)aggregate supply in the long run; saving, investment, and growth in the short run
• C)saving, investment, and growth in the long run; aggregate demand in the short run
• D)saving, investment, and growth in the long run; aggregate supply in the short run

Understand the key characteristics and differences of the U.S. economy in the 1920s and 1990s.

Recognize factors contributing to economic recessions and expansions in U.S. history.

Identify the impacts of technological progress on the U.S. economy.

Comprehend the role of government policies and reforms in shaping the economic landscape.

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Definitions:

Charismatic Leader

An individual in a leadership role who exhibits boldness and self-confidence and emphasizes the greatness of the ingroup.

Confidence

The feeling or belief that one can rely on someone or something; firm trust and self-assurance in one's powers or abilities.

Mere Exposure Effect

A psychological phenomenon where individuals develop a preference for things or people they are exposed to frequently.

Aesthetically Pleasing

Describes objects or experiences that are perceived as beautiful or pleasurable through sensory perception.