In Formulating Fiscal Policy It Is Necessary to Specify the Amount

question 96

True/False

In formulating fiscal policy it is necessary to specify the amount of the desired AD shift.
The essence of fiscal policy entails deliberate shifting of the aggregate demand curve.The steps required to formulate fiscal policy are straightforward: (1)specify the amount of the desired AD shift (excess AD or AD shortfall)and (2)select the policy tools needed to induce the desired shift.

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Definitions:

Good Person Philosophy

A belief system that emphasizes the inherent goodness of individuals and the importance of moral and ethical behavior in personal development.

Right Choice

Making a decision or selection that is considered correct or most fitting based on circumstances or objectives.

Situational Ethics

An ethical theory that posits the morality of an action is determined by the context or situation, rather than by applying universal laws.

Immanuel Kant

An 18th-century German philosopher, known for his work in epistemology, ethics, and aesthetics, emphasizing duty, rationality, and the categorical imperative.