Discretionary Fiscal Policy

question 67

Multiple Choice

Discretionary fiscal policy

• A) is not very effective in influencing real GDP during normal times because of time lags.
• B) can be very effective in influencing real GDP during abnormal times, such as when a nation is at war.
• C) may reassure investors and consumers that the federal government will be able to avert a major economic downturn.
• D) all of the above.

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Definitions:

Educational Policy

Guidelines and principles that govern educational systems, shaping curriculum, standards, administration, and funding.

Accreditation Standards

These are established criteria that educational or healthcare institutions must meet to be recognized as meeting certain levels of quality and competence.

Social Justice

A concept or ideology focusing on the fair and equitable distribution of wealth, opportunities, and privileges within a society.

Equifinality

A principle in systems theory suggesting that a particular end state can be reached from different initial conditions and through various paths.