Many Economists Favoured Using Discretionary Fiscal Policy During the Great

question 107

True/False

Many economists favoured using discretionary fiscal policy during the Great Recession because monetary policy could not be used when interest rates were near zero.

---

Definitions:

Fahrenheit

A scale of temperature on which water freezes at 32 degrees and boils at 212 degrees under standard conditions.

Sterilizing (Autoclave)

A process using an autoclave to apply high-pressure steam at high temperatures to sterilize equipment, effectively killing all microorganisms.

Fahrenheit

A temperature measurement system where water's freezing point is at 32 degrees and its boiling point is at 212 degrees, given standard atmospheric conditions.

Celsius

A scale and unit of measurement for temperature where 0 degrees is the freezing point and 100 degrees is the boiling point of water under standard atmospheric conditions.