Which of the Following Statements Is/are True

question 31

Multiple Choice

Which of the following statements is/are true?

• A)When equilibrium GDP is too small we have a recessionary gap.
• B)Fiscal policy and monetary policy are different means used to attain the same goals.
• C)Budget deficits are most appropriate during recessions rather than periods of inflation.
• D)Automatic stabilizers help smooth out the business cycle.
• E)All of the statements are truE.

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Definitions:

Sterling Foundation

An organization or entity established for the purpose of managing assets or funds for charitable, educational, or similar goals.

Program Service Expenses

Costs directly incurred in carrying out the operational activities aligned with the mission of a non-profit or governmental organization.

Supporting Service Expenses

Costs incurred by a business or organization for activities that aid the operation but do not directly contribute to the main business activity.

Not-for-Profit Entity

An organization that operates for charitable, educational, cultural, religious, or other purposes serving the public interest, where profitability is not the primary goal.