Mainstream Economists Contend That, as Stabilization Tools

question 183

Multiple Choice

Mainstream economists contend that, as stabilization tools,

• A)discretionary fiscal policy is effective, but discretionary monetary policy is not.
• B)discretionary monetary policy is effective, but discretionary fiscal policy is not.
• C)both discretionary fiscal policy and discretionary monetary policy can be effective if appropriately used.
• D)discretionary fiscal policy and discretionary monetary policy cause more instability than they cure.

Analyze the use of financial ratios and other tools in assessing nonprofit organizational performance.

Distinguish between the different types of financial contributions and their implications for nonprofit accounting.

Understand the specific financial management and reporting responsibilities of nonprofit management, including budgeting practices and the role of internal audit committees.

Examine the characteristics and legal considerations of various types of endowments and funds within nonprofit organizations.

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Definitions:

Communism

A political and economic ideology advocating for a classless society where all property is publicly owned and each person works and is paid according to their abilities and needs.

Societal Benefit

The total advantage or gain that society receives from an action, policy, or service, often considered in economic, social, or environmental terms.

Soviet Farmland

Agricultural land in the former Soviet Union, which faced challenges like collectivization and productivity issues.

Social Consciousness

An awareness shared by individuals within a society regarding injustices, inequalities, and other social issues, often leading to collective action or attitudes.