The Predictions That the Obama Administration Used to Justify the Stimulus

question 39

Multiple Choice

The predictions that the Obama administration used to justify the stimulus plan have been shown to be (according to most economists)

• A)wrong; the plan worked much better than their predictions suggested it would.
• B)wrong; the plan did not work as well as their predictions suggested it would, but did have some positive impact.
• C)wrong; the plan had no positive impact and has been credited with extending the recession of 2007-2009.
• D)right on the mark.

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Definitions:

Management Attitude

The disposition, outlook, or approach that the management of a company or organization holds towards its operations, employees, and business strategies.

Work Efforts

The amount of physical or mental energy applied by an individual in completing tasks or responsibilities at their job.

External Equity

Refers to an organization’s compensation strategy being competitive with what other employers offer for similar jobs in the market.

Wage Curve

A graphical representation showing the relationship between the wage rate and the level of unemployment in an economy.